Loan Calculator
Figuring out loan payments shouldn't require a finance degree. Enter your loan a...Figuring out loan payments shouldn't require a finance degree. Enter your loan amount, interest rate, and term to see your monthly payment instantly. ...
Monthly Payment
$1,580.17
Total Payment
$568,861.22
Total Interest
$318,861.22
Payment Breakdown
Interest is 127.5% of your loan amount
Amortization Schedule
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $1,580.17 | $226.00 | $1,354.17 | $249,774.00 |
| 2 | $1,580.17 | $227.23 | $1,352.94 | $249,546.77 |
| 3 | $1,580.17 | $228.46 | $1,351.71 | $249,318.31 |
| 4 | $1,580.17 | $229.70 | $1,350.47 | $249,088.61 |
| 5 | $1,580.17 | $230.94 | $1,349.23 | $248,857.67 |
| 6 | $1,580.17 | $232.19 | $1,347.98 | $248,625.48 |
| 7 | $1,580.17 | $233.45 | $1,346.72 | $248,392.04 |
| 8 | $1,580.17 | $234.71 | $1,345.46 | $248,157.32 |
| 9 | $1,580.17 | $235.98 | $1,344.19 | $247,921.34 |
| 10 | $1,580.17 | $237.26 | $1,342.91 | $247,684.07 |
| 11 | $1,580.17 | $238.55 | $1,341.62 | $247,445.53 |
| 12 | $1,580.17 | $239.84 | $1,340.33 | $247,205.69 |
Calculator Features
Why Use Loan Calculator?
Full Amortization Schedule
See exactly how each payment breaks down between principal and interest, month by month, for the entire loan term.
Instant Calculations
Results update as you type. No waiting, no page reloads. Compare different scenarios in seconds.
Visual Payment Breakdown
The bar chart shows you at a glance how much of your total payment goes to interest versus principal.
Export to Spreadsheet
Copy the entire amortization schedule with one click. Paste it into Excel or Google Sheets for your records.
Your Data Stays Private
Everything runs in your browser. We don't store your loan details or send them anywhere.
Quick Presets
Don't know where to start? Use presets for common scenarios like a starter home, average home, auto loan, or personal loan.
What Can You Calculate?
Home Mortgages
Compare 15-year vs 30-year terms. See how much you'd save with a larger down payment or lower rate.
Auto Loans
Figure out the true cost of financing that car. Is 0% for 60 months better than a rebate? Run the numbers.
Personal Loans
Planning home improvements or consolidating debt? Calculate exactly what you'll pay each month.
Student Loans
Estimate payments after graduation. See how different repayment plans affect your total cost.
How It Works
Enter Your Loan Amount
Type in how much you're borrowing. This is your principal, the amount before any interest is added.
Add the Interest Rate
Enter the annual percentage rate (APR) your lender quoted. A difference of even 0.5% can save or cost you thousands over the life of the loan.
Set the Loan Term
Pick how long you'll be paying it back. You can enter this in years or months. A 30-year mortgage is 360 months.
Review Your Results
You'll see your monthly payment right away, plus total interest and a month-by-month schedule showing how your balance decreases.
Money-Saving Tips
15-Year vs 30-Year Mortgages
15-year mortgages often have rates 0.5-0.75% lower than 30-year loans. Combined with the shorter term, you might pay less than half the total interest. The trade-off is higher monthly payments, so make sure it fits your budget.
The Power of Extra Payments
Making one extra mortgage payment per year (or adding 1/12 of a payment to each monthly check) can cut 4-6 years off a 30-year loan. Just make sure extra money goes to principal, not next month's payment.
Low Monthly Payment ≠ Good Deal
A longer loan term lowers your monthly payment but dramatically increases total interest. A $30,000 car loan at 6% for 7 years costs $5,000 more in interest than the same loan for 5 years. Always check the total cost.
When to Refinance
Refinancing makes sense when you can lower your rate by at least 0.75-1% and plan to stay in the loan long enough to recoup closing costs. A $3,000 refinance that saves $150/month pays for itself in 20 months.