Loan Calculator
Calculate monthly payments, total interest, and amortization
About Loan Calculator
The Loan Calculator is a powerful financial planning tool that helps you understand the true cost of borrowing. Whether you are considering a mortgage, auto loan, or personal loan, this calculator instantly computes monthly payments, total interest paid, and generates detailed amortization schedules to show exactly where your money goes.
All calculations run securely in your browser with no data sent to servers, ensuring your financial information stays private. Perfect for comparing loan options, budgeting, refinancing analysis, or simply understanding how interest compounds over time.
How to use Loan Calculator
Enter Loan Details
Input your loan amount (principal), annual interest rate, and loan term in years or months.
Review Calculations
Instantly see your monthly payment, total interest paid, and complete amortization breakdown.
Download or Adjust
Export your results, try different scenarios, or compare multiple loan options.
Pro Tips
- Try adjusting the loan term or making extra payments to see dramatic interest savings-even small additional payments can cut years off your loan.
- Use the comparison feature to evaluate different interest rates and terms; sometimes a shorter term saves more than you'd expect.
- Keep your amortization schedule handy for tax purposes if applicable, as some loan interest may be deductible.
- Compare the calculator results with official loan offers to ensure accuracy and catch any hidden fees or terms.
Key features of Loan Calculator
Monthly Payment Calculator
Instantly calculate your exact monthly payment based on principal, interest rate, and loan term.
Total Interest Breakdown
See the complete picture of how much interest you'll pay over the life of your loan.
Amortization Schedule
Generate a detailed month-by-month breakdown showing principal and interest portions of each payment.
Loan Comparison Tool
Compare multiple loan scenarios side-by-side to find the best option for your situation.
Extra Payment Impact
Model how additional payments affect your loan term and total interest savings.
Download & Share Results
Export your amortization schedule as a file or share calculations with lenders and advisors.
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