Loan Calculator
Loans & DebtCalculate the monthly payment and full amortization schedule for any fixed-rate loan.
Changing the display currency only changes the symbol shown — amounts aren't converted, since this tool doesn't use live exchange rates.
Monthly payment
$0
Total paid: $0
Total interest: $0
Amortization schedule
| # | Payment | Principal | Interest | Balance |
|---|
How this is calculated
Uses the standard fixed-rate amortization formula M = P·r(1+r)^n / ((1+r)^n − 1), where P is the loan amount, r is the monthly interest rate, and n is the number of monthly payments. Each payment is split into interest (balance × monthly rate) and principal (the rest), and the balance declines every month until it reaches zero at the final payment.
Frequently asked questions
- What loan types can I use this for?
- Any fixed-rate, fixed-term loan — personal, auto, student, or a simple mortgage estimate. For a loan with specific extra costs (PMI, sales tax, trade-in), use the dedicated calculator for that loan type instead.
- Does this include taxes, fees, or insurance?
- No — this is the pure principal-and-interest payment. Dedicated calculators (mortgage, car loan) add the relevant extra costs for that loan type.
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See how much sooner a loan is paid off — and how much interest you save — with extra payments.