Loan Payment Calculator

Calculate monthly payments for any loan type. See your amortization schedule instantly.

Quick Answer

Calculate payments for any loan type. Shorter terms mean higher payments but much less total interest. Always compare APR (not just interest rate) when shopping—APR includes fees for true cost comparison.

Results update automatically as you type

Loan Details

Loan Amount

Interest Rate

Loan Term

Monthly Payment

$507

Total Interest

$5,415

Over 60 payments

Total Cost

$30,415

Cost Breakdown

Principal: $25,000

Interest: $5,415

Pro Tips

•Run multiple scenarios with different values to understand your options
•Bookmark or share your results to reference later
•Check the FAQ section below for answers to common questions

Common Mistakes

•Not accounting for inflation over long time periods
•Forgetting to include all relevant fees and costs
•Using estimates when actual numbers are available

What's Next?

Loans Guide

Learn more about loans strategies

Related Calculators

Explore more tools for your financial planning

Save Your Results

Upgrade to save unlimited scenarios

Sources & Accuracy

Last updated: January 14, 2025

Reviewed by: CalcGrid Editorial Team

Data Sources:

Consumer Financial Protection Bureau(2025)

Learn more about how we calculate and our editorial standards.

Was this calculator helpful?

Premium Features

Save unlimited scenarios
Compare side-by-side
Export to PDF

Upgrade to Premium

Related Calculators

Personal Loan

Loans

Auto Loan

Loans

Student Loan

Loans

APR

Loans