Loan Calculator

When you borrow, you need to know your monthly payment to determine whether you can afford the loan. Knowing the total interest over the lifetime of a loan helps you compare different loan options, and also illustrates the total cost of the loan.

Instructions

Specify the total amount owed on your loan, the interest rate, and the loan term in years, and this calculator will compute your monthly payment (including your payment schedule) and the total interest paid over the lifetime of your loan.

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