Monthly payment—
Total interest—
Total paid—
Payoff—
Loan & mortgage payment calculator
Enter your loan amount, the annual interest rate and the term to see your monthly payment, the total interest you’ll pay, and the full cost of the loan. Open the amortization schedule to see how each payment splits between principal and interest over time — useful for car loans, personal loans and mortgages alike.
How the payment is worked out
It uses the standard amortizing-loan formula with monthly compounding: M = P · r(1+r)^n / ((1+r)^n − 1), where P is the amount, r is the monthly rate and n is the number of payments.
Frequently asked questions
What does the monthly payment include?
It is the principal-plus-interest payment for an amortizing loan. Property taxes, insurance and fees are not included — add those separately for a full mortgage budget.
Can I see how much interest I pay over time?
Yes. Open the amortization schedule to see every payment broken into principal and interest, and how the balance falls month by month.
Does it work for car loans and personal loans?
Yes. Any fixed-rate, fixed-term amortizing loan works — car, personal, student or mortgage. Just enter the amount, rate and term.