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Loan Calculator

Calculate monthly payment, total interest, and full amortization schedule.

Loan Amount ($)

Annual Interest Rate (%)

Loan Term (Years)

Start Date

About Loan Calculator

Stop doing complex calculations by hand or searching for formulas. Loan Calculator lets you calculate monthly payment, total interest, and full amortization schedule in seconds with a clean, easy-to-use interface. Enter your values and get instant, accurate results along with step-by-step breakdowns where applicable.

How to Use

Enter your values Fill in the required input fields with your numbers. Use tab to move between fields quickly.

See instant results Results calculate automatically as you type — no need to press a button. Watch the output update in real time.

Review the breakdown Check the detailed breakdown, charts, or tables below the main result for a deeper understanding.

Adjust and compare Change any input value to instantly see how it affects the result. Great for comparing different scenarios.

🔒 Privacy note: All processing happens locally in your browser. Your data is never sent to any server.

Why Use Loan Calculator?

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Accurate & Reliable Loan Calculator uses standard mathematical formulas and algorithms, verified against reference implementations. Trust the results for homework, work, or personal use.

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Clear Explanations Get more than just a number. Where applicable, see step-by-step breakdowns, visual representations, and context that helps you understand the result.

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Instant Calculation Results update as you type — no need to press a calculate button or wait for a server response. Real-time feedback helps you explore different scenarios quickly.

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No Data Collection Your inputs are processed locally in your browser. No data is stored, transmitted, or used for any purpose. Close the tab and everything is gone.

Frequently Asked Questions

Monthly payment = P × [r(1+r)^n] / [(1+r)^n−1], where P = principal, r = monthly interest rate, n = number of payments. This is the standard amortization formula.

An amortization schedule shows each monthly payment broken down into principal and interest. Early payments are mostly interest; later payments are mostly principal.

No. This calculator shows the principal + interest (P&I) payment only. For a full mortgage estimate including taxes, insurance, and PMI, use the Mortgage Calculator.