Loan Calculator
Enter the loan amount, annual interest rate and term to get your monthly payment, total interest and a full amortization schedule you can print.
Loan Calculator
How It Works
Three steps to your loan payment.
Enter loan details
Provide the loan amount, annual interest rate and term in years.
Calculate
Press Calculate Loan to see your monthly payment and totals.
Review the schedule
Scan the full amortization schedule and print it if needed.
FAQ
Common questions about loan payments.
How is the monthly payment calculated?
Using the standard amortization formula: P × r(1+r)\u207f / ((1+r)\u207f − 1), where r is the monthly rate.
What is an amortization schedule?
A month-by-month table showing each payment split into principal and interest with the remaining balance.
Does it handle 0% interest?
Yes. A 0% rate divides the principal evenly across the term with no interest.
Can I print the schedule?
Yes. The Print button opens a formatted report ready for printing.
Are the results exact?
The schedule is computed to the nearest cent using the standard amortization formula.
Is my data uploaded?
No. All calculations run locally in your browser.