Loan Payment Calculator
Enter the loan amount, monthly interest rate and term to see your monthly payment and total interest.
Monthly payment$10,348.39
Total repaid$124,180.74
Total interest$24,180.74
How it is calculated
Payment = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where r is the monthly rate and n the number of months. Fees and insurance are not included.
Worked example
| Monthly payment | $10,348.39 |
| Total repaid | $124,180.74 |
| Total interest | $24,180.74 |
FAQ
How do I convert an annual rate?
Divide the annual rate by 12 for an approximation, or enter the monthly rate from your offer.
Are the results exact?
Results are estimates for information only; check official sources for binding figures.