Disclaimer

Last updated: 2026-11-09.

Please read this page before you rely on any number on this site. It explains what the calculators can and cannot do.

Estimates only

Every result on Loan Calculators is an estimate. The calculators use the standard amortization, simple interest and compound interest formulas shown on each page, and the numbers you enter. They do not know your lender’s fees, rounding rules, payoff rules or credit terms, so your lender’s figures can differ from ours.

Not financial advice

Nothing on this site is financial advice, tax advice, or legal advice, and nothing here is a recommendation to borrow, refinance, or pay off a loan. We are not a bank, not a lender, and not a financial adviser. For a decision about borrowing, talk to a financial professional and read the loan agreement itself.

Example rates

The rates in the worked examples on this site — 7.5%, 6.9%, 8% and 5% — are examples only, not live market rates. This site does not publish live rates. Rates change, and the rate you are offered depends on your credit score, the lender and the loan type. Always use the rate your lender quotes you.

No liability

To the fullest extent the law allows, this site and its editorial team are not liable for any loss or cost that comes from using the calculators or relying on their results, including a loan decision made on an estimate. The calculators are provided as they are, without warranties of any kind.

External links

This site links to a small number of outside pages, such as Google Ads Settings and the ad-industry opt-out page, for your convenience. We do not control those pages and are not responsible for what they say or do.

Contact

If you think a figure on this site is wrong, tell us on the Contact page, with the page, the numbers you entered, and the result you saw. We will check it and fix it if we got it wrong.

Sources and method. Standard loan amortization formula: monthly rate = annual rate / 12; monthly payment = P × r(1+r)ⁿ / ((1+r)ⁿ − 1). Simple interest I = P × r × t; compound interest A = P(1 + r/n)^nt. Rates in the examples on this page are examples only, not live market rates. Results are estimates, not financial advice.

Estimate, not financial advice. This calculator uses the numbers you enter and the standard amortization formula. Your lender’s figures, fees and payoff rules can differ. Check the loan agreement and talk to a financial professional before you borrow.