Loan Calculator
Enter a loan amount, annual interest rate and term to see your estimated monthly payment, total interest and total cost — instantly, with no sign-up.
Frequently asked questions
What formula does this loan calculator use?
It uses the standard amortizing loan formula: M = P × r × (1 + r)^n / ((1 + r)^n − 1), where P is the loan amount, r is the monthly interest rate (annual rate ÷ 12) and n is the total number of monthly payments.
Does this include taxes, insurance or fees?
No. This calculator shows principal and interest only. Property taxes, insurance, HOA fees and origination fees are paid separately and vary by lender and location.
Why is my actual payment slightly different?
Lenders may round differently, calculate interest on a daily basis, or include escrow items in your payment. Treat this result as a close estimate, not a quote.