Calculate loan payments, interest, and total costs based on loan amount, interest rate, and loan term.
Start with your values, or try a preset.
Enter Loan Amount, Annual Interest Rate, and Loan Term (Years) in the units shown.
Read Loan Term (Months), Monthly Interest Rate, Monthly Payment, Total Payments, and Total Interest Paid in the results panel. Results update as you change the inputs.
Choose a preset to load an example, then adjust the values for your situation.
See the inputs and their calculated results.
Loan Amount: 250,000 USD; Annual Interest Rate: 6 %; Loan Term (Years): 30 years
Loan Term (Months): 360 months; Monthly Interest Rate: 0.005 %; Monthly Payment: 1,498.876313 USD; Total Payments: 539,595.4726 USD; Total Interest Paid: 289,595.4726 USD
Loan Amount: 250,000 USD; Annual Interest Rate: 6 %; Loan Term (Years): 15 years
Loan Term (Months): 180 months; Monthly Interest Rate: 0.005 %; Monthly Payment: 2,109.64207 USD; Total Payments: 379,735.5726 USD; Total Interest Paid: 129,735.5726 USD
Loan Amount: 30,000 USD; Annual Interest Rate: 5 %; Loan Term (Years): 5 years
Loan Term (Months): 60 months; Monthly Interest Rate: 0.004166666667 %; Monthly Payment: 566.1370093 USD; Total Payments: 33,968.22056 USD; Total Interest Paid: 3,968.220559 USD
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