Loan Calculator
Estimate the monthly payment and total cost of any fixed-rate loan from the amount, rate, and term.
Your details
Monthly payment
$396.02
- Total interest
- $3,761.44
- Total cost
- $23,761.44
Principal vs interest
- Principal
- $20,000.0084%
- Interest
- $3,761.4416%
Monthly payment$396.02
Formula
Standard amortization: M = P·r(1+r)^n / ((1+r)^n − 1).
Sources & methodology
- •CFPB — loans — CFPB
Last updated: 2026-07-20
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