Interest rate is not the total borrowing cost
Fees, insurance, taxes and lender charges may be excluded even when the monthly principal-and-interest payment is correct.
Finance
Loan calculator
Estimate monthly repayments, total cost and interest.
Clear and dependable
How to use this calculator
Enter the loan amount, annual interest rate and loan term. The calculator estimates the fixed monthly payment, total interest and total repayment.
Understanding the result
Monthly payment is the estimated fixed amount paid each month. Total interest is the borrowing cost over the term, and total repayment combines principal and interest.
Avoid these errors
Common mistakes
A lower payment can mean more total interest
Extending the loan term often reduces the monthly payment while increasing the total amount paid.
Common questions
Are intermediate values rounded?
No. Full practical precision is retained during calculation and rounding is applied only to the displayed values.
What limitations should I consider?
Educational estimate only. Fees, variable rates and lender rules are not included.