# Loan Calculator

What a loan really costs per month and in total.

URL: https://shortformkit.com/loan-calculator/
Updated: 2026-10-13

This assumes a fixed rate and equal monthly payments (annuity loan). Fees are not included.

**Formula:** M = P·i ÷ (1 − (1 + i)^−n), i = yearly rate ÷ 12, n = months

Results are estimates for general information, not medical or financial advice.

## How it works

1. **Enter your values** The result updates as you type.
2. **Switch units if needed** Metric or US units, where it applies.
3. **Read the result** Nothing is stored or sent anywhere.

## FAQ

**Is it free?**
Yes. No account, no limits.

**Is my data stored?**
No. The calculation happens in your browser and nothing is sent to a server.


Source: Shortform Kit (https://shortformkit.com/loan-calculator/). Free, no login.