Loan Payment Calculator
Compute monthly payment, total interest, and amortization summary for a loan.
Monthly Payment
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Total Interest
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Total Paid
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How to use
- Enter loan amount (principal), annual interest rate, and term in years.
- See the monthly payment and total interest.
- Review the amortization breakdown if shown.
Examples
- Payment on $25,000 at 6% for 5 years
- How much total interest on a $12,000 loan at 4.9%?
FAQ
- What’s APR vs interest rate?
- APR includes certain costs/fees; this tool uses the nominal annual rate.
- What about 0% financing?
- If rate is 0%, payment is principal divided by number of payments.
Informational only; verify critical results independently.