Loan Calculator

Work out the monthly payment, total interest and payoff schedule for any fixed-rate loan — personal, student or anything in between.

Estimate the monthly payment and total interest on a fixed-rate loan. Set the amount you borrow, the interest rate and the term to get a personal loan or student loan repayment figure and a month-by-month payoff schedule.

Read the guide: How Loan Payments and Interest Actually Work

Loan details

Monthly payment

$495.03

Paid off in 5 yr

Total interest
$4,702
Total paid
$29,702

Total paid

$29,702

  • Principal84%
  • Interest16%

Amortization schedule

YearPrincipalInterestBalance
1$372$123$20,673
2$399$96$16,032
3$428$67$11,057
4$459$36$5,721
5$492$3$0

Assumes a fixed rate and equal monthly payments. Estimates for planning only, not financial advice.

How it works

  1. 1

    Enter the loan

    Add the amount you are borrowing, the interest rate and the term in months.

  2. 2

    Add any extra

    Optionally include an extra monthly payment to see how much faster you clear it.

  3. 3

    Compare the cost

    See the monthly payment, total interest and a full month-by-month schedule.

Instant & 100% private — nothing is uploaded

Every calculation runs locally in your browser. The income, balances and goals you enter stay on your own device and are never sent to a server — nothing is stored, logged or shared.

Frequently asked questions

Does this work for any kind of loan?
Yes, for any fixed-rate, fixed-term loan with equal monthly payments: personal loans, student loans, RV or equipment loans and more.
How much does a lower rate really save?
Lower the rate and watch the total interest drop. On longer loans even half a percent adds up to a meaningful amount over the term.
How is the monthly loan payment worked out?
It uses the standard amortization formula, spreading the amount you borrow plus interest into equal monthly payments over the term. Early payments are mostly interest; later ones are mostly principal.

Important

For information and planning only — not financial, tax or legal advice. These figures are estimates; rates, fees and rules vary, so confirm anything that affects a real decision with a qualified professional or the official source.

More tools

IBAN ValidatorCheck an IBAN and see the bank code, account number and BIC.IBAN CalculatorBuild a valid IBAN from a country, bank code and account number.IBAN GeneratorGenerate random valid example IBANs for testing and demos.Account Number CheckerValidate a German account number's check digit.BIC / Bank Code FinderLook up a German BIC from a bank code or bank name.Mortgage CalculatorMonthly payment with taxes, insurance and a full amortization schedule.

More from the Hivly network

Free sister tools on our other sites.

Length ConverterMetres, feet, miles, inches, km and more, instantly.Scientific CalculatorPowers, roots, trig, logs, memory and history.Age CalculatorExact age in years, months and days, plus your next birthday.