used by people in more than 150 countries!
Total Cost of a Loan Calculator
This calculator will compute the total cost of a conventional loan, given the loan amount (i.e., the present value of the loan), the periodic interest rate, and the number of payment periods.
Please enter the necessary parameter values, and then click 'Calculate'.
- The total cost of a loan is the sum of the original loan amount and the total amount of interest paid over the life of the loan.