Loan Calculator
Calculate monthly payments for any fixed-rate loan.
Loan Calculator
Enter your values and calculate
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How This Calculator Works
This generic loan calculator works for any fixed-rate installment loan. Enter the amount, annual interest rate, and term; it returns the monthly payment and a breakdown of principal vs. interest.
Formula
M = P × [r(1+r)^n] / [(1+r)^n − 1]
Example
A $25,000 loan at 8.5% over 5 years costs about $513/mo, with roughly $5,770 in total interest.
Practical Use Cases
- Personal or business loans
- Comparing lender offers
- Planning repayment