How to pronounce loan in American English

IPA /loʊn/ Syllables 1 · lohn Stress 1st syllable
LOHN
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Americans pronounce loan as LOHN (/loʊn/).

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"I paid down the principal on my loan to reduce future interest."
ahy PAYD DOWN dhuh PRIHN·suh·puhl ahn mahy LOHN tuh ruh·DOOS FYOO·cher IHN·tuh·ruhst
Questions

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Is the American pronunciation of "loan" different from British English?
American English uses different vowel shapes, a relaxed retroflex R, and connected-speech tricks like flap-T and glottal-stop T that British Received Pronunciation generally avoids. The respell "LOHN" reflects the casual American form; British dictionaries typically print a citation form with crisper consonants and different vowel choices.

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