Loan Calculator
Calculate your monthly payments, total interest, and amortization schedule for mortgages, personal loans, auto loans and more.
Loan Summary
Monthly Payment
$1,122
Total Interest
$154,196
Loan Amount
$250,000
Interest Rate
3.5%
Loan Term
30 Years
Payment Breakdown
Amortization Schedule
| Payment | Date | Principal | Interest | Balance |
|---|
Loan Calculator Answers
What does the loan calculator do?
The loan calculator estimates your monthly payment, total repayment amount, and interest cost over the life of a loan based on the loan amount, interest rate, and loan term.
What types of loans can it calculate?
It can be used for personal loans, auto loans, student loans, and mortgages. Just input the appropriate details for your specific loan type.
What’s the difference between interest rate and APR?
The interest rate is the cost of borrowing, while APR (Annual Percentage Rate) includes both the interest and any additional fees. Use APR for a more complete cost comparison.
Does it support extra payments?
Some calculators allow you to add extra monthly or one-time payments. This helps you see how paying more can reduce your loan term and total interest paid.
How to calculate daily interest on a loan
15-Year Fixed
Lower interest, higher payments
30-Year Fixed
Current selection
5/1 ARM
Variable after 5 years
*Estimate based on initial rate