Loan Calculator
Calculate your monthly payment, total cost, and total interest for any loan. View the full amortization schedule.
How Loan Calculation Works
📐 The Formula
Monthly payment = P × [r(1+r)^n] / [(1+r)^n − 1]
📊 Amortization
Early payments mostly cover interest. As balance decreases, more goes toward principal.
💡 Save on Interest
A shorter term means higher payments but less total interest paid.
🏦 APR vs Rate
This calculator uses simple annual interest rate. APR may include additional fees.