Loan Payment Calculator icon

Loan Payment Calculator

Estimate your monthly loan payment, total interest and total repayment using the loan amount, annual interest rate and loan term.

Estimated monthly payment —
Total interest —
Total repayment —
Number of payments —
Year Principal Paid Interest Paid Remaining Balance

This calculator provides an estimate only. Actual loan payments may include insurance, taxes, fees or other charges not included here.

Free Loan Payment Calculator

The EKO24 Loan Calculator helps you estimate the monthly payment for a fixed-rate loan. Enter the amount borrowed, annual interest rate and repayment period to see the approximate cost of the loan.

How to calculate a loan payment

  1. Enter the total amount you plan to borrow.
  2. Enter the annual interest rate.
  3. Choose the loan term in years.
  4. Click Calculate Loan Payment.

What the results show

The calculator shows the estimated monthly payment, total interest paid over the life of the loan, total repayment amount and number of monthly payments.

Why your real payment may be different

Lenders may include application fees, insurance, taxes, account fees or other costs. Variable-rate loans can also change over time, while this calculator assumes a fixed interest rate.