Loan Calculator
Your entries are calculated in this browser and are not saved by this tool.
This result is an estimate for educational purposes and is not financial, tax or legal advice.
How the Loan Calculator works
Calculate a fixed loan payment, total repayment and total interest. Enter the requested values in the tool above, select Calculate, and review both the main result and its breakdown.
Formula used
M = P × r ÷ (1 − (1 + r)^−n), with a zero-interest branch of P ÷ n.
Worked example
A $25,000 loan at 7.5% over 5 years is repaid in 60 monthly installments.
Practical uses
- Compare offers
- Plan a monthly budget
- Estimate borrowing cost
Assumptions and limits
Financial results are estimates. Rates, fees, tax rules and lender methods can change the actual outcome. For reproducibility, record the inputs and assumptions used when sharing a result.
Frequently asked questions
Is this calculator free?
Yes. It can be used without creating an account.
Are the values I enter stored?
The calculation runs in your browser. The core tool does not submit your calculator entries to WordPress.
Can I rely on the result for a major decision?
Use it as an educational estimate, verify important inputs, and seek qualified advice when the decision carries financial, medical, tax or legal consequences.