How Much Will My Loan Cost? | Practical Money Skills

 

How Much Will Your Loan Really Cost?

Taking out a loan is a big commitment. Determine what your payment will be – including interest.


Select Currency
Total loan amount

$

Interest rate on your loan

%

Enter only one of the fields below:
Monthly Payment

$

Length of loan (months)


Results
Minimum monthly payment
This is how much you will need to pay each month to pay off your loan

Number of months to pay off
This is how long it will take you to pay off the entire amount

Total finance charge
This is the total amount of money you will have paid toward interest

Total payment amount
This is the sum of the original loan amount plus finance charges

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