UWTools
Calculator Tools

Loan Payment Calculator

Estimate monthly payments and the total cost of a fixed-rate loan.

—Monthly payment
—Total interest
—Total paid

Results update instantly.

Fixed-rate loan formula

The monthly payment uses the standard amortizing loan formula based on principal, monthly interest rate and number of payments.

Zero-interest loans

If the interest rate is 0%, the principal is simply divided by the number of monthly payments.