About this calculator
Estimate your monthly payment, total interest, and total paid.
Review the terms, rates, and fees offered by your financial provider before making a decision.
Formula
Monthly payment = principal x monthly rate x (1 + monthly rate)^months / ((1 + monthly rate)^months - 1). A 0% rate divides principal by months.
Assumptions
- APR is converted to a monthly rate.
- Payment is fixed for the full term.
- Taxes, insurance, origination fees, and late fees are not included unless added to the loan amount.