Loan Payment Calculator
Enter the loan amount, APR and term in months to see your monthly payment and the true cost of borrowing.
Calculator
Monthly payment
$500.95
Total interest
$5,056.92
Total repaid
$30,056.92
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Formula
Excel: =PMT(APR/12, months, -amount)Frequently Asked Questions
What is APR?
Annual percentage rate — the yearly cost of the loan including interest and some fees.
Does a longer term save money?
A longer term lowers the monthly payment but increases total interest paid.