Finance Loan Payment Estimator

Loan X Calculator

Calculate your monthly loan payment, total cost, and interest.

Your Loan Details

Enter your loan amount, interest rate, and loan term.

How Loan Payments Work

Your monthly loan payment is calculated using the standard amortization formula, which spreads your payments evenly over the loan term.

Formula

M = P × (r(1+r)n) / ((1+r)n − 1)

  • P = Loan amount
  • r = Monthly interest rate
  • n = Total number of payments

Example

For a $10,000 loan at 5% for 3 years:

  • Monthly Payment ≈ $299.71
  • Total Payment ≈ $10,789.56
  • Total Interest ≈ $789.56

FAQ

Does this include fees?
No — this calculator only uses principal and interest.

Can I enter decimals?
Yes, decimals work for all fields.

Is this accurate?
Yes — the amortization formula is exact.