Loan Calculator
Calculate monthly payments, total cost and amortization schedule for any loan.
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Understanding loan costs
A loan calculator shows you exactly what a loan will cost before you sign. By entering the loan amount, interest rate and repayment term, you can see your exact monthly payment and the total amount you'll repay over the life of the loan.
The most important figure is the Total Interest — the cost of borrowing. A longer term reduces monthly payments but dramatically increases total interest paid. A shorter term increases monthly payments but saves money overall.
Always compare the APR (Annual Percentage Rate), not just the interest rate, as APR includes fees. Use this calculator to compare scenarios and find the term that balances affordability with total cost.