Enter the number of payments that you will make over the life of your loan (e.g. 60 payments will be made on a five-year loan if one payment is made each month). Next, enter the rate of interest you will pay on your loan either as a percent or a decimal (e.g. 5% or 0.05). Then, enter the total amount of your loan. Finally, click the Calculate button. If you wish to make another calculation, click the Clear button to clear the fields and start over.
Please Note: This Calculator should be used as an estimating tool only.