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Loan Calculator
Estimate monthly loan payments, total interest, and total cost with an optional amortization preview.
Calculate a Loan
Payment Breakdown
About the Loan Payment Calculator
Calculate your monthly loan payment, total interest, and total cost for mortgages, auto loans, personal loans, and student loans. Our Loan Calculator also generates a month-by-month amortization schedule so you can see how your payments are split between principal and interest.
Key Features
- Calculate monthly payment for any loan amount, rate, and term
- Shows total interest paid over the life of the loan
- Visual principal vs interest breakdown
- Month-by-month amortization schedule for the first 12 months
- Supports loan terms from 1 to 30 years
- Useful for mortgages, auto, personal, and student loans
How to Use
- Enter your loan amount
- Enter the annual interest rate
- Select the loan term in years
- Review the monthly payment, total interest, and total cost
- Expand the amortization table if you want a payment breakdown
Frequently Asked Questions
What is an amortization schedule?
An amortization schedule shows how each payment is divided between paying down principal and paying interest over time.
How do I lower my monthly payment?
You can lower it by extending the loan term, borrowing less, making a larger down payment, or securing a lower interest rate.
Does this work for mortgages?
Yes. Enter your mortgage amount, rate, and term to estimate monthly payments.
What is a good personal loan rate?
It depends on credit profile and market conditions, but lower single-digit to low double-digit rates are generally more favorable.
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