Loan Calculator
Calculate the monthly payment, total interest and total cost of a loan or mortgage, with a yearly amortization table.
This tool runs entirely in your browser.
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How to use the Loan Calculator
- 1Enter the loan amount, annual interest rate and term in years.
- 2Read the monthly payment and total interest.
- 3Review the yearly amortization table.
What is the Loan Calculator?
Payment = P × r ÷ (1 − (1 + r)^−n), where P is the principal, r the monthly rate (annual rate ÷ 12) and n the number of monthly payments. Early payments are mostly interest; later ones mostly principal.
Frequently asked questions
Does it include fees or insurance?
No — it calculates principal and interest only. Add fees, taxes and insurance separately.
Is the Loan Calculator free and private?
Yes. The Loan Calculator is free, needs no account, and runs entirely in your browser. What you type is never sent to a server or stored.
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