Loan Calculator
Calculate monthly payments, total interest, and full amortization schedule for any loan.
How to use Loan Calculator
- 1Enter loan details
Loan amount, annual interest rate, and term in years.
- 2See payment
Monthly payment, total interest, and total cost calculate instantly.
Frequently asked questions
Which formula is used?+
The standard amortizing-loan formula: P × r × (1+r)ⁿ / ((1+r)ⁿ − 1), where r is the monthly rate and n the number of payments.
Does it include fees or insurance?+
No — this is the base principal-and-interest payment. Taxes, insurance, and fees are extra.
Related tools
Mortgage Calculator
Estimate your monthly mortgage payment including principal, interest, property tax, and insurance (PITI).
Compound Interest
See how investments grow over time with compound interest. Supports periodic contributions.
Salary Calculator
Convert salary between hourly, weekly, monthly, and yearly. Quick comparison across pay frequencies.