Loan Calculator
Monthly payment, total interest and payoff schedule.
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About Loan Calculator
See what a loan will really cost. Enter the amount, interest rate and term to get the monthly payment, total interest and a full month by month payment schedule. Works for car loans, personal loans and mortgages.
How to use Loan Calculator
- 1Enter the loan amount, yearly interest rate and term.
- 2Optionally add an extra monthly payment.
- 3Review the payment, total interest and schedule.
Why use this tool?
- Private. What you type stays in your browser.
- Free. No sign up, no limits, no watermark.
- Fast. Results in seconds, no waiting in a queue.
- Any device. Works on computers, tablets and phones.
Frequently asked questions
What is amortization?
It is how each payment is split between interest and paying down the loan. Early payments are mostly interest.
How much can extra payments save?
Even a small extra payment each month can cut years off a loan and save a lot of interest. Try it in the calculator.
Is this the exact amount my bank will charge?
It is a close estimate. Fees, insurance and taxes are not included.