LOAN CALCULATOR
Our loan cost calculator helps you estimate monthly payments and total loan costs based on the loan amount, interest rate, and term. Whether you’re considering a personal loan, car loan, or mortgage, this tool gives you a quick and accurate breakdown so you can plan with confidence.
To use the calculator, simply enter:
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Your desired loan amount
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The annual interest rate (%)
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The term in months
Then, the tool will instantly display your estimated monthly payment and total repayment cost. It works for any fixed-rate loan and is ideal for budgeting future financial commitments.
This tool is especially helpful for Ontario homeowners evaluating mortgage consolidation options. If you’re exploring how a second mortgage or home equity loan might reduce your monthly debt payments, check out our debt consolidation mortgage page for more insight.
Looking to renovate or invest in your home? You can try our home renovation loan guide to see how financing options compare.
At Burke Financial, we’re committed to helping Canadians make smart financial decisions, from managing current debt to preparing for future purchases. Use this loan cost calculator as your starting point toward better financial planning.
