Loan Payment Calculator
Lenders advertise the monthly payment because it's the small number. The figure that matters is what you repay in total — this shows both, plus how much of your first payment is pure interest.
🛡️ Runs on your device — nothing is uploaded
More options
Results update as you type — nothing else to press.
How it works
- Type what you're borrowing.
- Set the rate and the length of the loan.
- Read the monthly payment and the total you'll repay.
Good to know
FormatsFixed-rate, equal-payment loan
- Comparing two car finance offers
- Checking whether a longer term is worth it
- Seeing the real cost of a consolidation loan
Questions
Why does a longer loan cost so much more?
You're borrowing the money for longer, so you pay interest for longer. Stretch a loan from 3 to 7 years and the total interest can more than double.
What is APR versus interest rate?
APR folds fees into the rate. Enter the APR if you have it — that gives the more honest comparison between offers.
Can I see the effect of paying extra?
Not yet in this tool, but the month-one breakdown shows why early overpayments help so much: almost all of that payment is interest.
🔒 Processed entirely in your browser — nothing is uploaded, nothing is stored.