What does this calculate?

Loan amount: financed net principal
APR / rate: yearly rate, converted to monthly
Term: entered in months
Output: monthly payment + total interest

Input data

Compare multiple terms (e.g. 48 / 60 / 72 months).

Help

Uses standard annuity-style loan math: equal monthly payments over the full term.

At 0% APR it divides principal by months. Otherwise it applies the usual amortisation formula.