Loan payment calculator
Estimate your monthly payment on any loan amount and term.
Your payment is only half the story. A longer term lowers it, but adds to what the loan costs overall. Adjust the amount, rate, or term to see how each one moves the other.
Loan payment
Enter your loan amount, rate, and term. We'll show the monthly payment and what it adds up to.
Borrowing $15,000 over 5 yrs costs $5,248 in interest on top of what you borrow.
Estimates only, based on the figures you enter, not an offer of credit. Your actual rate and payment depend on the lender and your circumstances.
Reading your result
| Your result | What it means |
|---|---|
| Monthly payment | What you'd pay each month based on the loan amount, rate, and term. |
| Total interest | The estimated cost of borrowing over the life of the loan. |
| Total repaid | Your loan amount plus all estimated interest. This is the total amount you'd pay back. |
Borrowing more, choosing a higher rate, or stretching the term all raise your total interest, even when the monthly payment looks smaller. Check total repaid, not just the monthly number, before deciding what you can afford.