Savings Calculator
Estimate how savings may grow from an initial balance, monthly deposits, annual interest rate, and time horizon.
Finance
OpenLoan Calculator
Estimate monthly loan payments, total paid, and total interest from loan amount, annual rate, and term.
All processing happens locally in your browser. Your input is never sent to a server or saved by Wraplet.
Loan estimate
Loan payment 313.36 / month
- Principal
- 10,000
- Total paid
- 11,281.09
- Total interest
- 1,281.09
Finance calculators provide general estimates only and are not financial, tax, lending, or investment advice.
Formula or method
Monthly payment = P x r(1+r)^n / ((1+r)^n - 1)
P is principal, r is monthly interest rate, and n is total number of monthly payments.
If the interest rate is 0%, payment = principal / number of months.
Inputs
Use the amount borrowed, the annual percentage rate as a number, and the repayment term in years.
Result
The result is an amortized payment estimate. It does not include taxes, fees, insurance, penalties, or variable-rate changes.
Use cases
- Compare personal loan, auto loan, installment, or fixed-payment borrowing scenarios before checking lender terms.
How to use
Enter the loan amount before interest.
Enter the annual interest rate and loan term in years.
Review the estimated monthly payment, total paid, and total interest.
Examples
Loan Calculator example
A 10,000 loan over 36 months at 8% annual interest produces an estimated fixed monthly payment of 313.36.
Loan amount 10000, annual interest 8%, term 3 years
Loan payment 313.36 / month, total paid 11,281.09, total interest 1,281.09
Frequently asked questions
Is this loan calculator financial advice?
No. It is an educational estimate. Check lender disclosures, fees, repayment terms, and local rules before borrowing.
What does total interest mean?
Total interest is the estimated total paid over the term minus the original loan amount.
Does this include fees or taxes?
No. The estimate uses principal, interest rate, and term only. Origination fees, taxes, insurance, and other costs are not included.
Can I calculate a zero-interest loan?
Yes. At 0% interest, the monthly payment is the principal divided by the number of monthly payments.