Payment Calculator

Calculate loan payments at any frequency — monthly, bi-weekly, or weekly — and see the total interest paid over the life of the loan.

Inputs

Results

Monthly payment
$489.15
Total payments (60)
$29,349.22
Total interest
$4,349.22

About the Payment Calculator

Payment frequency changes how often interest compounds and how quickly principal is paid down. Bi-weekly payments, for example, typically save thousands in interest over a long loan compared to monthly.

Enter your loan amount, rate, and term, then switch payment frequencies to compare scenarios side by side.

Frequently asked questions

You make 26 bi-weekly payments per year — the equivalent of 13 monthly payments instead of 12, paying down principal faster.

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