---
title: "Loan Calculator | Numequo"
description: "Estimate monthly payments and total loan cost. Enter your values to get a clear result, then review the formula, examples and practical explanations."
canonical: "https://www.numequo.com/finance/loans/loan-calculator/"
locale: "en"
---
[Numequo](https://www.numequo.com/) › [Finance](https://www.numequo.com/finance/) › [Loans and credit](https://www.numequo.com/finance/loans/)

# Loan Calculator

Estimate a fixed-rate loan with equal monthly payments.

## Input data

- **Loan amount** - type: number; default: 200000; min: 0.01; max: 1000000000; step: 100
- **Annual interest rate (%)** - type: number; default: 3.5; min: 0; max: 100; step: 0.01
- **Term (years)** - type: number; default: 20; min: 1; max: 100; step: 1
- **Currency** - type: choice; default: EUR; options: Euro (€), US dollar ($), British pound (£)

## How it works

Monthly payment = P × r(1+r)ⁿ ÷ ((1+r)ⁿ − 1), where r is the monthly rate.

## Quick examples

- **€200k over 20 years** - Loan amount: 200000, Annual interest rate (%): 3.5, Term (years): 20, Currency: EUR
- **$25k over 5 years** - Loan amount: 25000, Annual interest rate (%): 5.2, Term (years): 5, Currency: USD
- **£350k over 25 years** - Loan amount: 350000, Annual interest rate (%): 4, Term (years): 25, Currency: GBP

## Understanding your result

The monthly payment combines principal and interest over the selected term. Total interest shows the estimated cost of borrowing, excluding insurance, lender fees and taxes.

Last verified: 29 September 2026 (2026-09-29)

## Frequently asked questions

### What does the monthly payment include?

It includes principal and interest, but not insurance, fees or taxes.

### Does this work with a 0% rate?

Yes. The principal is simply divided by the number of monthly payments.

### Is the result a loan offer?

No. It is an estimate; lenders may use different fees and methods.

### How can I lower the monthly payment?

A longer term lowers the payment but usually increases total interest.

## Related calculators

- [Loan Comparison Calculator](https://www.numequo.com/finance/loans/loan-comparison-calculator/) - Compare two fixed-rate loans by monthly payment, fees, insurance and total cost.
- [Debt-to-Income Ratio Calculator](https://www.numequo.com/finance/loans/debt-to-income-ratio-calculator/) - Calculate your household debt-to-income ratio, total monthly debt payments and remaining income after debt.
- [Early Loan Repayment Calculator](https://www.numequo.com/finance/loans/early-loan-repayment-calculator/) - Estimate the time and interest saved with a lump sum or additional monthly payments.
- [Mortgage Refinancing Calculator](https://www.numequo.com/finance/loans/mortgage-refinancing-calculator/) - Compare your current mortgage with a refinancing offer, including interest, insurance and fees, to estimate net savings.
- [Compound Interest Calculator](https://www.numequo.com/finance/savings-investing/compound-interest-calculator/) - See how savings may grow with monthly compounding.
- [VAT Calculator](https://www.numequo.com/finance/taxes-pricing/vat-calculator/) - Add VAT to a net price or extract it from a gross price.

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