Loan Calculator
Monthly payment
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Total payment
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Total interest
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How to Use
Enter the loan amount, annual interest rate, and loan term in years. The monthly payment, total payment, and total interest are calculated instantly.
Calculation
Monthly payment is calculated using the standard amortization formula: M = P[r(1+r)^n] / [(1+r)^n - 1], where P is the principal, r is the monthly interest rate, and n is the total number of payments.
Privacy
All processing happens in your browser. No data is sent to any server.