Calculate the monthly payment and total interest on a car, personal or student loan.
Monthly payment and total interest for a car, personal or student loan.
Enter the amount you want to borrow, the annual interest rate and the term in months. You will see the monthly payment, the total repaid and the total interest cost. Compare different terms: a longer term lowers the payment but increases total interest.
For a $25,000 loan at 7%, a 36-month term costs about $772 a month, 60 months about $495, and 72 months about $426. The longer the term, the smaller the payment, but the more interest you pay in total. Try each term above to see the totals.
This calculator assumes a fixed rate and equal monthly payments. It is an estimate, not a loan offer.
Enter the price minus any down payment as the loan amount, then the rate and the number of months.
Interest accrues for more months, so you pay more overall even though each payment is smaller.
Yes. Enter the amount financed, which is the price minus your down payment and trade-in value, then the rate and term.
The calculator divides the amount evenly across the months.