Monthly payment
The calculator estimates a fixed monthly payment from loan amount, annual percentage rate, and repayment term.
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Loan calculator
Loan Calculator with Monthly Payment, Total Interest, and Extra Payment Estimate
Estimate loan payments, total repayment, total interest, and the possible impact of making an extra monthly payment. Useful for personal loans, auto loans, installment loans, and simple fixed-rate planning.
$506.91
Monthly payment
$30,414.59
Total repayment
$5,414.59
Total interest
Loan payment result
Monthly payment
$506.91
Estimated fixed monthly payment before optional extra payments.
Total repayment
$30,414.59
Total of scheduled monthly payments over the full loan term.
Total interest
$5,414.59
Estimated interest paid if the loan follows the scheduled term.
Interest saved
$0.00
Estimated interest saved from the optional extra monthly payment.
Loan payment estimate summary Loan amount: $25,000.00 Annual interest rate: 8.00% Term: 5 years / 60 months Scheduled repayment: - Estimated monthly payment: $506.91 - Total repayment: $30,414.59 - Total interest: $5,414.59 Extra-payment scenario: - Extra monthly payment: $0.00 - Accelerated monthly payment: $506.91 - Estimated interest saved: $0.00 - Estimated time saved: 0 months Note: This estimate assumes a fixed rate and fixed monthly payment. It does not include origination fees, penalties, insurance, taxes, or lender-specific rules.
What this loan calculator includes
Total repayment
Seeing total repayment helps compare the real cost of different terms, not just the monthly payment.
Extra payment scenario
Adding even a small extra monthly payment can reduce interest and shorten payoff time when the lender applies it to principal.
How to compare loan scenarios
Compare terms, not only payment size
A longer term can lower the monthly payment but increase total interest. A shorter term can cost more each month but reduce total repayment.
Check fees and penalties
Origination fees, prepayment penalties, late fees, and insurance products can change the real cost of a loan. This page estimates payment math, not every contract term.
Use extra payment cautiously
Extra payments are useful only if your budget can support them and your lender applies them to principal without penalty. Confirm rules before relying on the savings estimate.
Educational estimate only
This loan calculator is for educational estimates only. It is not financial, tax, legal, lending, or investment advice. Actual loan costs can vary by lender, credit profile, fees, payment timing, prepayment rules, and local requirements.
Loan calculator FAQ
What kinds of loans can this estimate?
It works best for simple fixed-rate installment loans such as personal loans, auto loans, and similar repayment plans. It is not designed for credit cards, variable-rate loans, or interest-only loans.
Does the result include loan fees?
No. The result estimates principal and interest only. Add lender fees, origination fees, insurance, taxes, or penalties separately when comparing real offers.
How does the extra payment estimate work?
The calculator adds the extra amount to the scheduled payment and estimates how much interest and time could be saved if the extra payment reduces principal each month.
Why might my lender payment be different?
Lenders may use exact dates, fees, rounding rules, credit-based pricing, insurance, and other terms that are not included in this simplified estimate.