Loan Calculator

Calculate monthly payment for any fixed-rate loan.

CategoryFinance

Inputs3

UseFree

RunsIn your browser

Calculations run instantly in your browser. Your entries aren't sent to or stored on a server.

Robert Threadgill
Founder

Founder of Simple Calculator Tools. Builds and tests every calculator on this site personally before publishing.

Loan amount ($)

Annual interest rate (%)

Loan term (years)

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Worked Example

A $20,000 loan at 7% for 5 years costs about $396.02/month.