Loan Calculator

Calculate loan payments, interest, and amortization schedule

Loan Amount ($)

Annual Interest Rate (%)

Loan Term (Years)

1. Enter the loan amount (principal) in dollars

2. Input the annual interest rate as a percentage

3. Specify the loan term in years

4. Click "Calculate Loan" to see monthly payments and total costs

5. View the amortization schedule to see how payments are split between principal and interest

Frequently Asked Questions

How accurate are the loan calculations?: Our loan calculator provides accurate estimates based on standard loan formulas. However, actual loan terms may vary depending on your lender, credit score, and other factors.
What types of loans can I calculate?: The calculator works for most fixed-rate loans including mortgages, auto loans, personal loans, and student loans. It calculates based on principal, interest rate, and loan term.
Does the calculator include insurance and taxes?: The basic calculation includes principal and interest only. For mortgages, remember to add property taxes, insurance, and PMI for a complete monthly payment estimate.
Can I calculate different payment scenarios?: Yes! Try different loan amounts, interest rates, and terms to compare scenarios and find the best option for your financial situation.

Follow these simple steps to get started with the Loan Calculator tool