Loan calculator
Enter your numbers — the results update instantly.
Monthly payment415.17
Total paid24,910.03
Total interest4,910.03
Formula
M = P · i / (1 − (1 + i)⁻ⁿ)
Worked example
Given: Loan amount = 20,000; Annual rate = 9 %; Term (years) = 5
Result: Monthly payment = 415.17; Total paid = 24,910.03; Total interest = 4,910.03
How it is calculated
1. Enter the values you know. 2. The calculator converts them to base units and applies the formula. 3. The result is shown in the unit you choose.
Frequently asked questions
How do I calculate it?
Formula: M = P · i / (1 − (1 + i)⁻ⁿ). Given: Loan amount = 20,000; Annual rate = 9 %; Term (years) = 5. Result: Monthly payment = 415.17; Total paid = 24,910.03; Total interest = 4,910.03.
Is the calculator free and private?
Yes. It is free, needs no sign-up and runs in your browser — the numbers you type stay on your device.