Loan Payment Calculator
Enter the amount, APR and term. Add an extra monthly payment to see how much sooner the loan is paid off.
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The payment comes from the standard amortisation formula for a fixed rate and equal monthly payments. Total interest is the sum of all payments less the amount borrowed. With an extra payment, the calculator steps through the loan month by month and counts how many payments are left.
APR and fees
APR includes most lender fees as well as interest, so it is the right number for comparing offers. If a loan has an origination fee taken out of the amount you receive, you repay the full amount but get less in hand.