Loan Calculator

Loan Comparison Calculator

To calculate the payment amount and the total interest of any fixed term loan, simply fill in the 3 left-hand cells of the first row and then click on "compute." Use the other three rows to see what effects are produced by changing any one of the loan's original variables.

# of
Pmts

Interest
Rate

Principal

Monthly
payment

Total
Interest

$   $ $
$   $ $
$   $ $
$   $ $

The results of this loan calculator are for comparison purposes only. They will be a close approximation of actual loan repayments if available at the terms entered, from a financial institution. This is being provided for you to plan your next loan application.