Work out the real cost of any personal, auto or student loan. Enter the amount, interest rate and term to instantly see your monthly payment and total interest.
The payment estimate covers principal and interest for a fixed-rate amortizing loan. Fees and insurance are excluded.
A visual summary that updates with your calculation.
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These examples assume a fixed rate, equal monthly payments and no fees, missed payments or extra payments.
The estimated monthly payment is $405.53. Total scheduled interest is about $4,331.67.
The estimated monthly payment is $308.77, with about $1,115.75 in scheduled interest.
The estimated payment is $626.73 over 36 months and $405.53 over 60 months. The longer term lowers the payment but increases total interest.
This calculator gives an instant estimate from the values entered above. Use the result as a planning starting point, then review the assumptions and limitations.
Enter the requested values using consistent units. Change one input at a time when comparing scenarios, and verify every value before using the result.
The estimate uses the values currently entered and the formula described on this page. Any fees, taxes, timing rules or personal circumstances not requested are excluded.
This tool estimates the regular payment and total interest for an amortizing loan with equal monthly payments.
M = P × [r(1+r)^n] ÷ [(1+r)^n − 1]. The annual rate is divided by 12 to obtain r, and years are multiplied by 12 to obtain n.
A $10,000 loan at 8% a year for 3 years produces a payment of about $313 per month, before fees.
The payment repays interest and principal over the selected term. Compare total interest as well as the monthly amount.
Origination fees, late fees, insurance, taxes, prepayment charges and changing rates are excluded. The entered rate is not necessarily APR. Currency is a display choice. The result is not a credit offer or approval.
Method reference: Consumer Financial Protection Bureau: annual percentage rate. Fynzo explains and implements the calculation independently; the linked organization does not endorse this website.
Reviewed by: Yasser Chahir, Fynzo editor. Last reviewed: July 31, 2026.
