Loan Calculator Online

Calculate monthly payments, total interest, and total cost for any loan. Free, instant, no signup required.

Monthly Payment

$1,419.47

Principal

$250,000.00

Total Interest

$261,010.10

Total Payment

$511,010.10

Principal (49%)Interest (51%)

About This Tool

Calculate your monthly loan payment based on the loan amount, interest rate, and term. See the total interest paid and a visual breakdown of principal vs. interest.

Frequently Asked Questions

What formula is used?

This calculator uses the standard amortization formula: M = P × [r(1+r)^n] / [(1+r)^n – 1], where P is principal, r is monthly rate, and n is number of payments.

Does this include taxes and insurance?

No, this calculates principal and interest only. Property taxes, homeowners insurance, and PMI are not included.