Loan Calculator
Calculate monthly payments, total interest, and view a full amortization schedule for any personal loan, auto loan, or student loan.
Loan Details
Monthly Payment
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Enter loan details to calculate
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Total Interest
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Cost of borrowing
Interest as % of Loan
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Relative cost
Number of Payments
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Monthly installments
Total Repaid
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All payments combined
Principal vs. Interest
Balance Over Time
Rate Comparison
How your payment changes with different interest rates
| Rate Scenario | Monthly Payment | Total Interest |
|---|---|---|
| Enter loan details above to see rate scenarios | ||
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Amortization Schedule
Full month-by-month payment breakdown
| Month | Year | Payment | Principal | Interest | Balance |
|---|
How to Use This Loan Calculator
Enter your loan amount, annual interest rate, and repayment term to instantly see your monthly payment, total interest paid, and a full amortization schedule showing exactly how each payment is divided between principal and interest.
Understanding your results
- Monthly Payment — fixed amount due each month for the loan term
- Total Interest — total cost above the principal you actually borrowed
- Amortization — early payments are mostly interest; later payments are mostly principal
Tips for Borrowing Smart
The true cost of a loan depends on both the interest rate and the loan term. A longer term means lower monthly payments but significantly more total interest paid.
- Compare the total interest cost, not just the monthly payment
- Use the rate comparison table to evaluate multiple lender offers
- Extra principal payments early in the loan yield the biggest interest savings
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