Loan Calculator

Estimate your monthly loan payments and total interest cost. Perfect for planning mortgages, car loans, or personal loans. Simply input the principal, rate, and term to see your full amortization schedule.

How to Use This Loan Calculator

• Loan Principal: Enter the total amount you wish to borrow
• Annual Interest Rate: Input the yearly interest rate as a percentage
• Loan Term: Specify the duration of the loan in years or months
• Click Calculate to see your monthly payment, total interest, and detailed amortization schedule

Understanding Your Results

The calculator provides three key figures:

• Monthly Payment: The fixed amount you'll pay each month
• Total Interest Paid: The total interest you'll pay over the life of the loan
• Total Repayment Amount: The sum of principal and interest you'll pay back

The amortization schedule shows how each payment is split between principal and interest, and how your loan balance decreases over time. Early payments contain more interest, while later payments pay down more principal.

Important Disclaimer

This calculator provides estimates for educational and planning purposes only. Actual loan terms may vary based on lender requirements, fees, insurance, and other factors. Always consult with a financial advisor or lender for precise loan terms and personalized advice.