Business
Loan / Mortgage Calculator
Free online loan and mortgage calculator using equal monthly payments (amortization). Enter the loan amount, annual rate and term to instantly see your monthly payment, total interest and total amount repaid.
Monthly payment
$15,462
Principal
$3,000,000
Total interest
$710,950
Total repaid
$3,710,950
Equal-payment, fixed-rate estimate. Excludes grace periods and fees — actual terms set by your bank.
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How to use
- 1Enter the total loan amount.
- 2Enter the annual interest rate (%).
- 3Enter the loan term in years.
- 4See the monthly payment, total interest and total repaid.
FAQ
What repayment method does this use?
Equal monthly payments (amortization), the most common method. Payment = principal × monthly rate ÷ (1 −(1+monthly rate)^-months).
Will it match my bank exactly?
It's a fixed-rate estimate excluding grace periods, fees and rate changes. Use it for planning; your bank's approved figure is final.
Can I use it for car or personal loans?
Yes — any amortized loan works. Just enter the matching amount, rate and term.