Finance Tools
Loan Payment Calculator
Calculate monthly payment for a fixed-rate loan.
Enter your loan amount, interest rate, and term to estimate your monthly payment.
How to use this loan payment calculator
- Enter the total loan amount.
- Enter the annual interest rate (APR).
- Enter the loan term in years.
- Click Calculate to see monthly payment, total payment, and total interest.
Example
For a $20,000 loan at 6% over 5 years, this calculator shows:
- Your monthly payment amount.
- Total amount repaid over the loan term.
- Total interest cost.
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