Loan Calculator

Calculate your monthly payment and total interest.

Monthly Payment -
Total Payment -
Total Interest -

Auto Loan Calculator

Calculate your car loan payment.

Monthly Payment -
Total Payment -
Total Interest -

Frequently Asked Questions

How is the monthly payment calculated?

We use the standard amortization formula: M = P × r × (1 + r)^n / ((1 + r)^n − 1), where P is the principal, r is the monthly interest rate, and n is the total number of payments.

Does this calculator include taxes and insurance?

No. This calculator shows principal and interest only. Property taxes, homeowners insurance, and PMI are not included.

Can I use this for auto loans or personal loans?

Yes. The same formula applies to any fixed-rate installment loan, including auto loans, personal loans, and student loans.

Is this calculator free?

Yes, completely free. No sign-up required.