Finance
Loan Calculator
Calculate your monthly loan payment, total cost, and interest for any loan — mortgage, car loan, student loan, or personal loan.
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Frequently Asked Questions
How is a monthly loan payment calculated?
Monthly payment = P × r(1+r)^n / ((1+r)^n - 1), where P is principal, r is the monthly rate, and n is total months.
What is a good interest rate?
For mortgages, below 7% is good. Personal loans range from 6–36% depending on your credit score.
Shorter vs longer loan term?
Shorter terms = higher payments but less total interest. Longer terms = lower payments but cost more overall.