SimpleCalc.online

Free online calculators

Loan Payment Calculator

Estimate your monthly loan payment (principal + interest) in seconds.

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This calculator estimates principal + interest only. It does not include taxes, insurance, or fees.

Loan amount

Currency (display)

Interest rate (APR %)

Loan term (years)

Payments per year

Extra payment (optional)

Payment per period —

Total interest —

Total paid —

Number of payments —

How it works

Enter loan amount, APR (%), and term in years.
Choose how often you make payments (monthly/weekly/bi-weekly).
Get your estimated payment, total interest, and total cost.

Formula

For standard amortized loans:
Payment = P × r × (1 + r)ⁿ / ((1 + r)ⁿ − 1)
where P = principal, r = rate per period, n = number of payments.

About loan payment calculator

This free loan payment calculator helps you estimate your monthly loan payments based on the loan amount, interest rate (APR), and loan term. It provides a clear overview of how much you may need to pay each month before applying for a loan.

Simply enter your total loan amount, annual interest rate, and loan term in years. The calculator instantly shows your estimated payment per period, total interest paid, and total loan cost. All calculations are based on standard amortized loan formulas.

FAQ

Is this calculator free?

Yes. It’s free to use and works on mobile and desktop.

Does it include fees and insurance?

No. This estimates principal + interest only. Fees, taxes, and insurance are not included.

What does “extra payment” do?

Extra payments can reduce interest and total time. This estimate applies extra per period for a rough payoff comparison.

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