Loan Calculator
Model monthly payments, payoff timing, and total interest cost
How to Use This Loan Calculator
Enter your loan amount, interest rate, and term to estimate your monthly payment. Add an optional extra monthly payment to see how much faster you can pay off the loan and how much interest you can save.
What Impacts Loan Cost Most
- Interest rate: small APR changes can materially change lifetime interest.
- Term length: longer terms lower monthly payment but increase total interest.
- Extra principal: recurring extra payments compound savings over time.