Loan Calculator
Calculate loan payments and amortization schedule
Loan Details
Enter your loan information
$
%
How to Use This Calculator
1. Enter Loan Amount
The total amount you plan to borrow. This could be for a car, personal loan, or any other purpose.
2. Choose Loan Term
The length of time you have to repay the loan. Longer terms mean lower monthly payments but more interest paid overall.
3. Enter Interest Rate
The annual interest rate for your loan. This varies based on loan type, credit score, and lender.
Understanding Amortization
Early payments are mostly interest, while later payments go more toward principal. The amortization table shows this breakdown month by month.