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Free Online Calculator
Loan Calculator
Estimate your monthly payment, total interest, and total repayment for a fixed-rate loan in seconds.
Loan Details
Enter your loan amount, interest rate, and repayment term.
$
7.5%
0%
15%
30%
5 years
1 year
15 years
30 years
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Tip: This calculator estimates a fixed-rate amortizing loan. Actual lender payments can differ because of fees, taxes, insurance, or other loan-specific charges.
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Loan Summary
Estimated repayment breakdown
Estimated Payment
$500.92
per month
$25,000.00
Principal
$5,055.00
Total Interest
$30,055.00
Total Repayment
Principal vs Interest
16.8% interest
Principal
Interest
Calculation
$25,000.00 at 7.5% for 5 years = $500.92/month
Number of Payments
60
Rate
7.5%
Monthly Payment
See the estimated payment needed each period to repay the loan.
Interest Breakdown
Understand how much of the total repayment is estimated interest.
Instant Estimates
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Loan Planning Guide
General considerations when comparing loan options.
Lower Rate
Generally reduces the amount of interest paid over the life of a fixed-rate loan.
Shorter Term
Usually means higher periodic payments but less total interest.
Compare APR
When shopping for loans, consider fees and APR in addition to the interest rate.
Loan calculated