Simple Loan Calculator

Loan Amount

Please enter a valid positive number.

Annual Interest Rate (%)

Please enter a valid non-negative number.

Loan Term (Years)

Please enter a valid positive integer.

Monthly Payment

$0.00

Total Interest

$0.00

Total Payment

$0.00

Calculation Details

Formula: M = P [ r(1+r)^n ] / [ (1+r)^n – 1 ]

Where: P = Loan Amount, r = monthly interest rate, n = number of monthly payments.