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Loan Payment Calculator

Estimate what a fixed-rate loan payment could look like before you commit to a borrowing scenario.

Monthly payment—
Total interest—
Total paid—
HOW TO USE IT

How to use the Loan Payment Calculator

  1. Enter the amount borrowed.
  2. Enter the annual percentage rate and loan term.
  3. Calculate the estimated monthly payment, total interest and total paid.
WHY IT HELPS

What this tool is useful for

This calculator uses the standard fixed-payment amortization formula. It is an estimate and does not include lender fees, insurance, taxes or changing interest rates unless those are part of the numbers you enter.

PRACTICAL EXAMPLES

Common ways to use it

Equipment purchase

Compare financing terms for business equipment.

Vehicle loan

See how term length changes the estimated monthly payment.

Planning

Compare several rates before discussing financing with a lender.

COMMON QUESTIONS

Loan Payment Calculator FAQ

Does this include loan fees?

No. It uses only principal, APR and term.

Can I calculate a 0% loan?

Yes. With 0% interest, the principal is divided evenly across the number of payments.

Is this a loan approval estimate?

No. It is a payment calculator, not a lending decision or offer.

KEEP GOING

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SDS tools are provided for general informational and planning purposes. Verify important financial, tax, security or business decisions with the appropriate source or professional.