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Loan Calculator
Calculate monthly payments, total interest, and create amortization schedules for any loan. Perfect for personal loans, auto loans, and other installment debt.
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Monthly Payments
Calculate exact monthly payment amounts for any loan amount and term.
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Total Interest
See how much interest you'll pay over the life of the loan.
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Amortization Schedule
View detailed payment breakdown and principal vs. interest over time.
How to Use the Loan Calculator
📝 Input Your Loan Details
- • Loan Amount: Total amount you want to borrow
- • Interest Rate: Annual percentage rate (APR)
- • Loan Term: Number of years to repay
- • Start Date: When payments begin (optional)
📊 Review Your Results
- • Monthly Payment: Fixed payment amount
- • Total Interest: Interest paid over loan life
- • Total Cost: Principal + interest
- • Payoff Date: When loan is fully paid
💡 Loan Tips
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Shop Around for Rates
Compare offers from multiple lenders to get the best interest rate.
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Check Your Credit Score
Higher credit scores typically qualify for lower interest rates.
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Consider Extra Payments
Additional principal payments can significantly reduce total interest.
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Read the Fine Print
Understand all fees, penalties, and terms before signing.