Loan Repayment Calculator
Loan Repayment Calculator
Borrowing money doesn’t have to be a mystery. Plug in your loan amount, interest rate, and term to see your monthly payment—and exactly how much interest you’ll pay over time.
Payment & Cost Breakdown
Monthly Payment: $0
Total Interest: $0
Total Cost: $0
How is the monthly payment calculated?
We use the standard amortization formula: M = P·i / (1 - (1 + i)-n), where P is principal, i is monthly interest, and n is total months.
Why does my total interest seem high?
Interest accrues on the outstanding principal each month—longer terms or higher rates increase total interest paid.