Borrowing money involves more than knowing how much you can borrow. Interest rates, repayment terms, fees, and payment schedules can dramatically affect the real cost of a loan.
Legit Calc’s Loan Calculators help you estimate payments, compare loan options, and understand total borrowing costs before taking on new debt.
Featured Loan Calculators
π Auto Loan Calculator
Estimate vehicle payments based on price, down payment, interest rate, and financing term.
Use Calculator βπ΅ Personal Loan Calculator
Estimate monthly payments, total interest, and repayment costs for a personal loan.
Use Calculator βπ Student Loan Calculator
Estimate student loan payments and total repayment costs.
Use Calculator βπ Debt Consolidation Calculator
Compare multiple existing debts with a potential consolidation loan.
Use Calculator βπ Loan Payment Calculator
Calculate estimated payments for a variety of fixed-term installment loans.
Use Calculator ββοΈ Loan Comparison Calculator
Compare loan payments, interest, terms, and total repayment costs side by side.
Use Calculator βBrowse Loan Calculators by Category
π Auto & Vehicle Loan Calculators
π Auto Loan Calculator
Estimate monthly auto loan payments and total financing costs.
Use Calculator βποΈ RV Loan Calculator
Estimate RV financing payments using purchase price, down payment, rate, and term.
Use Calculator βπ€ Boat Loan Calculator
Estimate monthly payments and borrowing costs for boat financing.
Use Calculator βπ΅ Personal Loan Calculators
π΅ Personal Loan Calculator
Estimate payments and interest for an unsecured personal loan.
Use Calculator βπ Loan Payment Calculator
Calculate monthly loan payments using principal, interest rate, and repayment term.
Use Calculator βπ Debt Consolidation Calculator
Compare existing debts with a potential consolidation strategy.
Use Calculator βπ Student Loan Calculators
π Student Loan Calculator
Estimate payments, repayment time, and potential interest costs.
Use Calculator ββ±οΈ Student Loan Payoff Calculator
Estimate how additional payments may change your payoff schedule.
Use Calculator βπ Student Loan Refinance Calculator
Compare an existing student loan with a potential refinance scenario.
Use Calculator βπ’ Business Loan Calculators
π’ Business Loan Calculator
Estimate payments and total borrowing costs for a business loan.
Use Calculator βπΊπΈ SBA Loan Calculator
Estimate payments for common SBA financing scenarios.
Use Calculator ββοΈ Equipment Loan Calculator
Estimate financing payments for business equipment purchases.
Use Calculator βποΈ Specialty Loan Calculators
ποΈ Construction Loan Calculator
Estimate financing costs for construction projects.
Use Calculator βπ³ Land Loan Calculator
Estimate monthly payments for financing undeveloped or improved land.
Use Calculator βπ Balloon Loan Calculator
Estimate periodic payments and the remaining balloon balance.
Use Calculator βLatest Loan Articles
How Loan Payments Are Calculated
Understand how principal, interest rate, and repayment term affect monthly payments.
Read Guide βPersonal Loan vs. Credit Card
Compare common borrowing costs and repayment structures.
Read Guide βShould You Consolidate Debt?
Learn when combining multiple debts may or may not make financial sense.
Read Guide βπ₯ Popular Loan Calculators
Frequently Asked Questions
How is a loan payment calculated?
Payments are generally determined by the amount borrowed, interest rate, repayment term, and loan structure.
Does a longer loan term lower the payment?
Usually, but extending repayment may also increase the amount of interest paid over the life of the loan.
What is APR?
APR represents an annualized measure of borrowing cost and may incorporate certain loan fees in addition to interest.
Can I compare two loans with Legit Calc?
Yes. A Loan Comparison Calculator can compare payment amount, interest, repayment term, and total cost.