Comprehensive Loan Calculator
Calculate monthly payments, total interest, and amortization schedule for any loan
Loan Summary
Monthly Payment
$0.00
Total Interest
$0.00
Total Cost
$0.00
Payoff Date
–
Payment Breakdown
Amortization Schedule (First 12 Months)
| Payment # | Date | Payment | Principal | Interest | Balance |
|---|
Compare Loan Options
Scenario
Payment
Interest
Savings
Current Terms
$0.00
$0.00
–
With Extra Payments
$0.00
$0.00
$0.00
15-Year Term
$0.00
$0.00
$0.00
How to Use This Loan Calculator
This comprehensive tool helps you understand:
- Monthly payments for mortgages, auto loans, or personal loans
- Total interest cost over the life of the loan
- Amortization schedule showing principal vs. interest breakdown
- Savings from extra payments or shorter loan terms
Key Loan Calculation Formulas
Monthly Payment (M):
M = P [r(1+r)n] / [(1+r)n-1]
Where:
P = Principal loan amount
r = Monthly interest rate (annual rate ÷ 12)
n = Number of payments (term in years × 12)