Loan Calculator

Estimate a fixed-rate loan payment and total interest. Compare what changes when you adjust the principal, annual rate or repayment term.

Use the three totals to compare scenarios under a common monthly-payment convention. The workspace is shared with EMI Calculator.

Loan Amount

Interest Rate (% per year)

Tenure (Years)

Fixed-rate principal and interest estimate. Tenure must be 1–1200 whole months (expressed in years); excludes fees, taxes and insurance.

$10,258.27Monthly EMI

$115,495.94Total Interest

$615,495.94Total Payment

Your input stays on this device for this operation. We don’t upload or store it.

About Loan Calculator

Use the three totals to compare scenarios under a common monthly-payment convention. The workspace is shared with EMI Calculator.

The annual percentage is divided by 12 for the monthly rate.

Changing a value updates the principal-and-interest estimate.

1
Set the loan amount
Enter a positive principal.
2
Enter the rate and term
Use an annual nominal percentage and years that correspond to whole months.
3
Compare totals
Read monthly payment, total interest and total paid.

Loan principal, annual rate and term → monthly payment and repayment totals

It does not model origination fees, extra payments, variable rates or lender-specific rounding.
The result uses a dollar sign and does not convert currencies.

For 1,200 at 0% over two years, the monthly payment is 50 and total payment is 1,200.

1 answers

Does the payment include insurance?

The calculation covers principal and interest only.