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Loan & Mortgage Calculator

Calculate monthly payments and total interest

$
$
%
years
$
$
Monthly Payment $0
Principal & Interest $0
Tax & Insurance $0
Total Interest Paid $0
Total Cost of Loan $0

Payment Breakdown

Amortization Schedule

Year Principal Interest Balance

What is a Loan Calculator?

A loan calculator is a financial tool that computes monthly payments, total interest, and amortization schedules for mortgages and loans. It helps you understand the true cost of borrowing before committing to a loan.

Common Use Cases

Mortgage Planning

Calculate monthly payments and total cost for home purchases.

Compare Loan Options

Evaluate different interest rates and loan terms side by side.

Auto Loans

Determine affordable car payments within your budget.

Budget Planning

Understand how loan payments fit into your monthly budget.

How It Works

1

Enter Loan Details

Input loan amount, down payment, and interest rate.

2

Set Loan Term

Choose your loan duration (typically 15 or 30 years).

3

Add Extra Costs

Include property tax and insurance for total payment.

4

View Schedule

See monthly payment, total interest, and amortization table.