Loan Calculator
Calculate monthly payments, total interest, and a full amortization schedule for any loan.
Monthly payment
$500.95
Total paid
$30,056.92
Total interest
$5,056.92
How it works
Uses the standard amortizing-loan formula: M = P · r(1 + r)n / ((1 + r)n − 1) where P is the principal, r is the monthly rate (APR ÷ 12), and n is the number of monthly payments. The schedule below breaks each payment into interest and principal.
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