Loan Payment Calculator
Monthly payment, total interest, and total cost for an amortizing loan
Currency
How it works
- • Uses the standard amortization formula: M = P·i·(1+i)^n / ((1+i)^n − 1)
- • i is the monthly rate (annual ÷ 12), n the number of months
- • Assumes a fixed rate and equal monthly payments; fees and insurance are not included
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