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How much will my loan payments be?

Use this calculator to compute the payment amount (principal and interest) for a fixed rate loan.

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Purchase amount

Down payment amount

Loan term

term in months or years Months Years

Interest rate

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Calculator Results

Your loan payment will be $539.06.

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Your payments add up to $32,343.67. The total of payments includes interest of $2,343.67 over the life of the loan.

This calculator uses monthly compounding and monthly payment frequency.

The information provided by these calculators is intended for illustrative purposes only and is not intended to purport actual user-defined parameters. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results.