Processing... Loan Calculator Inputs Loan Amount Interest Rate Term of Loan, in Months   Use this calculator to determine the monthly payment for a fixed-rate loan. For car loans, determine if a longer term makes sense. Your monthly payment will drop though your total cost will rise. For a mortgage, run it twice to compare two offers or the merits of refinancing. See how much a monthly payment drops by reducing the interest rate by just one half of one percent. Results Loan Analysis Summary Chart Details Important Information About This Calculator Calculation Methods and Accuracy Audited By:     Your use of this Calculator signifies your agreement to the Terms and Conditions.