Estimate the monthly payment, total cost and interest

Borrowers and advisors use it to estimate a monthly payment, total cost and interest before comparing loan offers.

Estimate the monthly payment, total cost and interest. Everything runs in your browser, so the values you enter are never uploaded, shared, or stored.

How to use

Enter the amount borrowed, without spaces or currency symbols in the field.
Provide the annual interest rate as a percentage, as shown in your quote or contract.
Specify the loan term in years, then start the calculation.
Read the estimated monthly payment, total cost, and interest amount separately.
Compare several scenarios by changing one parameter at a time to see its effect.

Example

The sample uses an amount of twenty thousand, an annual rate of five percent, and a three-year term. After calculation, review the monthly payment, total cost, and interest to see how those three figures relate.

Input

20000
5
3

Limits and formats

The estimate does not replace an official offer and ignores fees, insurance, or application costs.
The calculation usually assumes a fixed rate and equal monthly payments, with no early repayment.
Currency is not handled; the result is a numeric amount to interpret in your own money.
Small differences can appear because lenders may round figures differently.
Imported files must contain clear numeric values, even if several text formats are accepted.

Where processing happens

The loan calculation runs in your browser. The amount, rate, and term you enter stay on your device and are not sent to any external service. That means you can compare borrowing scenarios without an account or a stored history of your figures.

Frequently asked questions

Does the result include borrower insurance?

No, the tool estimates the payment from the amount, rate, and term you enter. Insurance and additional fees must be added separately if you want a complete view of the cost.

Can I simulate a variable rate?

The form asks for one annual rate, which represents a single assumption. For a variable rate, run several calculations with different rates and compare the outcomes.

Why does my bank show a slightly different amount?

Lenders may use their own rounding rules, add fees, or calculate payments from a specific date. Treat this result as a planning estimate and confirm the final numbers in the official offer.