Loan Calculator
Calculate monthly loan payments, total interest, and total repayment. View amortization schedule. Free, private, browser-based.
No sign-up • No server uploads • 100% browser-based
Disclaimer: This calculator provides estimates for informational purposes only. Actual loan terms may vary. Consult a financial professional for specific loan advice.
Read Guide: How to Calculate Loans →
How It Works
Enter your loan details to calculate monthly payments using the standard amortization formula. The tool generates a full amortization schedule showing each payment's breakdown.
- Formula: M = P × [r(1+r)^n] / [(1+r)^n - 1], where P = principal, r = monthly interest rate (annual rate / 12), n = total payments (years × 12)
- Results: View monthly payment, total interest paid, and total amount repaid over the loan term.
- Amortization Schedule: See each payment's allocation between principal and interest, plus remaining balance.
Frequently Asked Questions
What is an amortization schedule?
An amortization schedule is a table showing each loan payment's breakdown into principal and interest portions, and the remaining balance after each payment.
How does the interest rate affect my payments?
Higher interest rates increase both your monthly payment and total interest paid over the life of the loan. Even a small rate difference can significantly affect total cost.
Is this tool free?
Yes, completely free with no limits, no sign-up required, and no data sent to any server.
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