Fixed-rate payment estimate
Enter loan amount, annual rate, and term to estimate monthly payment, total paid, and total interest.
Use fixed monthly payments. Fees, taxes, and lender-specific terms are not included.
M = P × [r(1+r)^n] / [(1+r)^n - 1]
The calculator converts 3 years to 36 monthly payments and 6% APR to a 0.5% monthly rate.
You pay interest for more months. The monthly payment may fall, but the total interest usually rises.
No. Add origination fees, closing costs, insurance, taxes, or lender charges separately when comparing offers.
A 0% loan is simply the principal divided by the number of payments. The calculator handles that case directly.