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Loan payment

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Monthly payment and total interest for a car loan, personal loan, or any fixed-rate loan.

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Monthly payment
$500.95
  • Total paid$30,057
  • Total interest$5,057
  • Number of payments60

How this calculator works

This uses the standard amortization formula for a fixed-rate loan, where each payment is the same but the share going to interest shrinks over time. Total interest is everything you pay beyond the amount borrowed. A shorter term raises the monthly payment but usually cuts total interest sharply.

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Disclaimer: This calculator is for education and planning only and is not financial advice. Actual rates, fees, and terms vary by lender and your credit, so confirm the numbers with your lender before you sign anything.

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