Loan Calculator
Calculate monthly mortgage or loan payments, total interest and view an amortization schedule.
Examples
See what this tool can do.
Plan a car loan
See the monthly cost and total interest before you borrow.
Compare terms
Check how a shorter term changes the payment and total interest.
Tips & tricks
Get the most out of it.
- 1A longer term lowers the monthly payment but raises total interest.
- 2Even a small rate change moves the total interest noticeably.
- 3Use the schedule to see when you cross into paying mostly principal.
About Loan Calculator
What this tool does
Loan Calculator works out your monthly payment, total interest and full amortization schedule from the amount, rate and term.
How to use it
- Enter the loan amount, annual interest rate and term.
- See the monthly payment and totals.
- Review the year-by-year amortization schedule.
How it works
It uses the standard amortizing-loan formula to derive a fixed monthly payment, then builds the schedule showing how each payment splits between interest and principal.
Important considerations
- Estimates assume a fixed rate and equal monthly payments; fees and variable rates aren't included.
Privacy
This tool runs entirely in your browser. Nothing you enter is uploaded to a server.
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Frequently asked questions
Yes — the monthly payment it computes is the EMI (equated monthly instalment) for a fixed-rate amortizing loan.