Loan Payment Calculator
Enter the amount, annual rate and term to get the fixed monthly payment and what the loan costs in interest.
Frequently asked questions
How is the monthly payment calculated?
With the standard amortization formula P × r ÷ (1 − (1 + r)^−n), where r is the monthly rate and n the number of payments. $200,000 at 4% over 25 years is $1,055.67 a month.
How much interest will I pay?
In that example, $116,702 over 25 years. A shorter term or a lower rate cuts it sharply.