Loan Calculator
Calculate monthly payments & interest
How to Use
Enter loan amount
Input the total amount you want to borrow (principal).
Set interest rate
Enter the annual interest rate as a percentage.
Choose loan term
Select how many years you want to repay the loan.
View results
See your monthly payment, total payment, and interest. Expand the amortization schedule for detailed breakdown.
Frequently Asked Questions
How accurate is this loan calculator?
This calculator uses the standard amortization formula used by banks and lenders. The results are accurate for fixed-rate loans with regular monthly payments.
Does this include taxes and insurance?
No, this calculator shows principal and interest only. Your actual mortgage payment may be higher when including property taxes, homeowners insurance, and PMI.
What is an amortization schedule?
An amortization schedule shows how each payment is split between principal and interest over the life of the loan. Early payments are mostly interest, while later payments are mostly principal.
Is my loan information private?
Yes, all calculations happen in your browser. Your loan details are never sent to any server.
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