Loan & Mortgage Calculator

Calculate your estimated monthly payment, total interest, and overall cost for any loan or mortgage. Enter amount, rate, and term below.

Loan Amount

Interest Rate (annual %)

Loan Term (years)

Monthly Payment

0.00 USD

Total Interest

0.00 USD

Total Payment

0.00 USD

FAQ

How is the monthly payment calculated?

We use the standard amortization formula: P × r × (1+r)ⁿ / ((1+r)ⁿ − 1), where P is principal, r is monthly rate, n is total payments.

Can I include taxes or insurance?

This tool shows principal and interest only. Add estimated taxes or insurance to approximate total housing cost.

What’s the difference between loan term and amortization?

Loan term is how long you have to repay; amortization is how payments are spread over that time. Most home loans are fully amortizing.