Loan Payment Calculator

Calculate monthly payment, total payment, and total interest for a loan.

Loan amount (principal)

Interest rate (APR %)

Term (years)

Monthly payment

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Total interest

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Total paid

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Term: —

Result—

Example: 10000 at 5% for 5 years

Formula

Monthly Payment = P × r × (1+r)^n / ((1+r)^n − 1)