Loan Interest Calculator
Total interest on any loan.
Your figures stay on your computer — no server, no tracking, no registrationTry: Loan amount=20000, APR=6.5, Term=5 → $20,000, $391, $23,479, $3,479
How to use
Returns the lifetime interest cost for any amortizing loan — the price of borrowing above the principal.
Formula
Total interest = PMT × months − principal.
FAQ
Cheaper to borrow short?
Almost always — a shorter term means less time for interest to compound.
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