Math
Loan Calculator
Loan amount, interest rate, term — out comes your monthly payment plus how much interest you'll actually pay over the life of the loan.
Enter amount, rate, and term.
FAQ
Why does total interest feel so high? +
Compound interest is brutal at the start of a loan. Early payments are mostly interest; principal pays down slowly. Extra payments toward principal are the fastest way to break that.
Does this include taxes/insurance? +
No — this is principal + interest only. For mortgages, add property tax, homeowners insurance, and possibly PMI.