Free Tool

Loan Calculator
Know before you borrow.

Calculate your exact monthly payment, total interest paid, and get a full amortization schedule in seconds.

Loan Calculator

$
%
mo

How the Loan Calculator Works

01

Enter Your Loan Details

Input the loan amount, annual interest rate, and term in months. Select a loan type to auto-fill typical rates and terms.

02

We Apply the Formula

We use the standard amortization formula: M = P[r(1+r)ⁿ] / [(1+r)ⁿ–1] to calculate your exact monthly payment.

03

Review Your Schedule

See every month's payment breakdown — how much goes to principal versus interest — and your remaining balance over time.