Loan Calculator
Works for auto loans, personal loans and any other fixed-rate amortising debt. Enter the amount, rate and term to see the payment and what the loan costs in total.
$
%
mo
Monthly payment
$512.91
- Total paid
- $30,774.80
- Total interest
- $5,774.80
- Interest as % of loan
- 23.1%
Frequently asked questions
- Does a longer term make a loan cheaper?
- It lowers the monthly payment but raises the total cost, because interest accrues over more months. The same loan over 72 months instead of 48 can cost thousands more in interest.