Calculator Loan Calculator
Monthly payment, total interest, and full month-by-month amortization schedule.
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About this calculator
This calculator uses the standard amortized loan formula to compute your monthly payment. It works for any fixed-rate loan: personal loans, car loans, mortgages, student loans, and more.
For a 0% interest loan, it simply divides the principal evenly across the term.
How to use it
- Enter the loan amount (principal).
- Enter the annual interest rate. For 0% financing, enter 0.
- Enter the loan term and select years or months.
- Click Calculate.
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FAQ
- What inputs do I need?
- Principal (loan amount), annual interest rate, and loan term in years. The calculator handles the rest.
- What does the total interest show?
- The total extra amount paid over the life of the loan beyond the original principal.
- Can I calculate mortgage payments?
- Yes — enter your home loan amount, mortgage rate, and term (e.g. 30 years).
- Does the amortization schedule show?
- Yes — a full month-by-month breakdown of principal, interest, and balance is shown.