Loan Calculator
Calculate your monthly loan payment, total interest, and view a full amortization schedule with charts.
Monthly payment
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Total paid
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Total interest
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Payment Breakdown
Balance Over Time
Amortization — Annual Breakdown
Year-by-Year Details
| Year | Principal Paid | Interest Paid | Total Payment | Remaining Balance |
|---|
How It Works
Enter the loan amount, annual interest rate, and repayment term. The tool applies the standard annuity formula to calculate the fixed monthly payment, total amount repaid, and total interest cost. An amortisation table shows the principal and interest split for every payment.
Use Cases
- Estimating monthly payments on a car loan or personal loan
- Comparing the total cost of loans with different interest rates
- Understanding how a shorter term reduces total interest despite higher payments
- Checking whether a loan fits within a monthly budget