What will my loan payment be?
Estimate a monthly loan payment, total interest, and total cost from the loan amount, APR, and term with Figur's loan calculator.
Calculate your monthly loan payment
This uses the standard amortizing-loan formula. Interest is calculated from the APR and spread across each monthly payment, so the early payments include more interest and later payments put more toward principal. Fees and taxes are not included.
Method and assumptions
Figur applies standard payment, interest, or projection formulas to the values you enter. The calculation runs entirely in your browser.
- Rates and contributions stay constant for the period unless the calculator says otherwise.
- Taxes, insurance, fees, penalties, and lender-specific terms are excluded unless a field explicitly includes them.
- Results are rounded estimates; a financial institution may use different rounding rules or payment dates.
This tool is for general information, not financial, tax, legal, or investment advice. Confirm important figures with the relevant institution or a qualified professional.
Sources and references
Frequently asked questions
Does this include loan fees?
No. This estimate covers principal and interest only, not origination fees, insurance, or taxes.
What does APR mean here?
APR is the annual interest rate used to estimate the cost of borrowing. The calculator converts it to a monthly rate.
Why is total interest higher than I expected?
A longer term means more monthly interest charges, even when the payment is smaller.