Financial tools
Interest Calculator
Estimate total interest and total repaid on a fixed-rate amortizing loan.
Free, private estimate
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HomeMoneyTools provides calculators and educational information for general informational purposes only. Results are estimates and may not reflect actual lender terms, taxes, insurance, fees, market conditions, or other costs. HomeMoneyTools does not provide lending, financial, tax, legal, real-estate, or investment advice. Always verify important financial information with the appropriate licensed professional or provider.
How this estimate works
Total interest is the estimated total of scheduled payments minus the initial principal borrowed.
HomeMoneyTools provides calculators and educational information for general informational purposes only. Results are estimates and may not reflect actual lender terms, taxes, insurance, fees, market conditions, or other costs. HomeMoneyTools does not provide lending, financial, tax, legal, real-estate, or investment advice. Always verify important financial information with the appropriate licensed professional or provider.
Common questions
Does interest compound monthly?
This calculator uses a standard monthly amortizing loan model.
Can interest be zero?
Yes. With a zero rate, total interest is zero.