Loan Calculator
Calculate monthly payments, total interest, and create amortization schedules for any loan type.
Loan Calculator
Enter your loan details below to calculate your monthly payment and view the complete amortization schedule.
Loan Summary
Payment Breakdown
Chart will appear here after calculation
Amortization Schedule
| Payment # | Payment Date | Payment Amount | Principal | Interest | Remaining Balance |
|---|---|---|---|---|---|
| Amortization schedule will appear here after calculation | |||||
Detailed Amortization
View a complete breakdown of each payment, including principal, interest, and remaining balance.
Flexible Payment Options
Calculate payments for different frequencies: monthly, bi-weekly, or weekly to fit your budget.
Visual Insights
See visual breakdowns of your loan with interactive charts showing principal vs. interest payments.
Frequently Asked Questions
How is the monthly payment calculated?
The monthly payment is calculated using the standard amortization formula: PMT = P[r(1+r)^n]/[(1+r)^n-1], where P is the principal, r is the monthly interest rate, and n is the number of payments.
Can I calculate payments for different loan types?
Yes, this calculator works for various loan types including mortgages, auto loans, personal loans, and student loans.
How accurate are the calculations?
Our calculator uses standard financial formulas to provide accurate results. However, actual loan terms may vary slightly based on the lender's specific policies and rounding methods.
Can I save or print my amortization schedule?
Yes, you can print the page or save it as a PDF using your browser's print functionality. We're also working on adding export options for Excel and CSV formats.