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Loan Calculator

Monthly payment, total interest and total cost for a fixed-rate loan.

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Monthly payment
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Total interest
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Total cost

How it is calculated

This uses the standard amortizing-loan formula: M = P ยท r ยท (1+r)โฟ / ((1+r)โฟ โˆ’ 1), where P is the principal, r the monthly rate and n the number of months. Results are estimates and exclude fees, taxes and insurance.