Financial Calculator
Loan Calculator
Calculate your loan payments, total interest, and amortization schedule. Perfect for mortgages, auto loans, personal loans, and any fixed-rate borrowing needs.
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Monthly Payments
Calculate exact monthly payment amounts
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Total Interest
See total interest paid over loan term
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Amortization
Detailed payment breakdown schedule
Loan Details
I'm taking out a loan of $.
I will be repaying it in the next .
The interest rate is %, which I will pay back
I will be repaying it in the next .
The interest rate is %, which I will pay back
How to Use This Loan Calculator
Understanding Your Loan
This loan calculator helps you determine your monthly payment amount, total interest paid, and provides a complete amortization schedule. Whether you're considering a mortgage, auto loan, or personal loan, understanding these numbers is crucial for financial planning.
Key Factors That Affect Your Loan
- Loan Amount: The principal amount you're borrowing
- Interest Rate: Annual percentage rate (APR) charged by the lender
- Loan Term: Length of time to repay the loan
- Payment Frequency: How often you make payments (monthly, bi-weekly, etc.)
Tips for Better Loan Terms
- Improve your credit score before applying
- Shop around with multiple lenders
- Consider a larger down payment to reduce the loan amount
- Choose the shortest term you can comfortably afford
- Consider bi-weekly payments to pay off loans faster