Disclaimer

General information only

The calculators and articles on Loan Calculator are for general educational purposes. They are not financial, investment, legal or tax advice, and they do not take your personal circumstances into account. Before making a borrowing decision, speak to your lender and, where appropriate, a qualified professional.

Results are estimates

Each calculator assumes:

• a fixed interest rate for the whole term;
• equal monthly payments that fully repay the loan by the end of the term;
• interest calculated monthly on the remaining balance;
• payments made in full and on time, with any extra payment applied to principal.

Real loans can differ. Lenders round amounts, may accrue interest daily, may charge fees, and may include taxes, insurance or other costs in your payment. The calculators do not model variable rates, interest-only or balloon loans, income-driven student loan plans, deferment or forgiveness.

Not a loan offer

We are not a lender or broker. Results do not indicate the rate or terms you will be offered, or whether you will qualify for credit. Example rates on the site are illustrations, not current market rates. Your lender’s official disclosures, such as the Truth in Lending disclosure or Loan Estimate, are the authoritative source for your loan’s terms.

External links

We link to outside sources for reference. We aren’t responsible for their content, and a link doesn’t imply endorsement.