Loan Calculator
Estimate loan payments, total interest, payoff time, and extra-payment savings.
payment = P[r(1+r)^n] / [(1+r)^n - 1]
$25,000 at 7% over 60 months = $495.03 / month
Interactive calculator
Loan Calculator
Scheduled payment
$495.03
Payment with extra
$595.03
Payoff time
49 months
Total payment
$28,762.80
Total interest
$3,762.80
Interest saved
$938.99
Formula/
payment = P[r(1+r)^n] / [(1+r)^n - 1]Formula
payment = P[r(1+r)^n] / [(1+r)^n - 1]
The formula is shown directly so users can audit how the result is produced.
Example
$25,000 at 7% over 60 months = $495.03 / month
Examples make common scenarios faster to verify before users enter their own values.
Reference Table
Principal$25,000
Term60 months
Extra payment$100 / month
Reference values help users scan common conversions and compare expected ranges quickly.