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Loan Calculator

Calculate the monthly payment, total interest and yearly repayment schedule for a fixed-rate loan or mortgage.

Runs in your browser Free · No sign-up

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How to use the Loan Calculator

  1. Enter the loan amount, the annual interest rate and the term.
  2. Read the monthly payment, total interest and total amount repaid.
  3. Check the yearly schedule to see how the balance goes down over time.

About this tool

Before you borrow, see what a loan really costs. Enter the amount, the annual interest rate and the term to get the monthly payment and a year-by-year breakdown of principal, interest and remaining balance.

  • Private: your data is processed on your device and never uploaded.
  • Free with no account, limits or watermarks.
  • Fast: results appear instantly, even offline once the page has loaded.

Frequently asked questions

What kind of loan does this calculate?

A standard annuity loan with a fixed interest rate and equal monthly payments, as used for most car loans, personal loans and fixed-rate mortgages.

Why is the real offer different?

Lenders may add fees, insurance or a different compounding method. Compare offers using the APR shown by the lender. This calculator is not financial advice.