Best for
- Comparing mortgage offers
- Planning a car or personal loan
- Checking total interest before borrowing
Privacy
All figures are calculated locally in your browser. No amounts are stored or transmitted.
Quick tips
- A longer term lowers the monthly payment but increases the total interest you pay.
- Set the rate to 0% to split a no-interest plan evenly across the term.
How to use this tool
- Enter the loan amount and pick a currency.
- Enter the annual interest rate and the term in years.
- Read the estimated monthly payment, total paid, and total interest.
Common questions
How is the monthly payment worked out?
It uses the standard amortization formula based on the principal, the monthly interest rate, and the number of monthly payments.
Does this include taxes and insurance?
No. It estimates principal and interest only. Property taxes, insurance, and fees are not included.