Loan Calculator

Calculate monthly payments, total interest, and view amortization schedule

Loan Amount ($)

Loan Term

Annual Interest Rate (%)

Loan Type

Our loan calculator uses the standard amortization formula to calculate your monthly payment based on loan amount, interest rate, and term length.

See how much of each payment goes toward principal vs. interest, and view the complete amortization schedule.

Interest is calculated monthly based on the remaining balance. Early payments go more toward interest, later payments toward principal.

Consider making extra principal payments to reduce total interest paid and pay off your loan faster.