Loan Calculator (Payment + Amortization)
Calculate monthly payment, total interest, and an estimated amortization schedule.
Calculator
How it works
Enter the loan amount, interest rate, and term in years, then click calculate. The tool applies the standard amortization formula to estimate a fixed monthly payment and totals. Results are estimates for informational purposes only and may differ from your lender’s exact terms.
FAQ
Does this loan calculator show an amortization schedule?
Yes. The results estimate a payment breakdown over time so you can see how much goes to principal and interest.
What is the difference between APR and interest rate?
APR includes fees and costs in addition to the interest rate. Using APR gives a more complete estimate of borrowing cost.
How do extra payments affect a loan?
Extra payments reduce principal faster, which can lower total interest and shorten the loan term.
Is this calculator free to use?
Yes. This loan calculator is free to use and does not require an account.