Loan Calculator
Calculate monthly loan payments, total interest, and view detailed payment schedules. Perfect for mortgage, car loan, and personal loan calculations.
Loan Details
Payment Summary
Enter loan details and click Calculate to see results
Common Loan Scenarios
$300K
30-Year Mortgage
4.5% Interest
$25K
5-Year Car Loan
5.5% Interest
$15K
3-Year Personal Loan
8.5% Interest
$50K
10-Year Student Loan
3.5% Interest
Understanding Loan Calculations
Monthly Payment
The fixed amount you pay each month, including both principal and interest.
Principal
The original loan amount you're borrowing.
Interest
The cost of borrowing money, calculated as a percentage of the principal.
Amortization
The process of paying off debt through regular payments over time.
Loan Tips
Lower Interest Rate
Even a 0.5% lower rate can save thousands over the life of your loan.
Shorter Term
Shorter loan terms mean less interest paid overall, but higher monthly payments.
Extra Payments
Making extra payments reduces the principal faster and saves on interest.
Credit Score
A higher credit score can qualify you for lower interest rates.