Thinking about taking out a loan? This calculator will help you understand the terms. Plug in the monthly payment you can afford, and it’ll tell you how long it will tell you how long it will take to pay off your loan. Plug in the loan term you want and it’ll give you your monthly payment, along with your total interest payment and the total amount you’ll pay! Try different loan terms and see how the term affects your monthly payment and the total cost of your loan.