Calculate monthly payments, total interest, and loan details
Plan your loan payments with our comprehensive loan calculator. Calculate monthly payments for mortgages, auto loans, personal loans, and more.
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Accurate loan calculations using standard financial formulas
Input your loan amount, interest rate, and term length. Our calculator supports various loan types including mortgages, auto loans, and personal loans.
We use the standard loan payment formula to calculate your monthly payment, total interest, and create a detailed payment schedule.
Get comprehensive results including monthly payment, total interest, payment schedule, and amortization details.
Common questions about loan calculations
We use the standard loan payment formula: M = P [ r(1 + r)^n ] / [ (1 + r)^n - 1 ], where M is the monthly payment, P is the principal, r is the monthly interest rate, and n is the number of payments.
Our calculator shows the principal and interest payment only. For mortgages, taxes and insurance are typically added to your monthly payment by your lender.
Yes! Our calculator works for mortgages, auto loans, personal loans, student loans, and other standard installment loans. The calculation method is the same for all loan types.
Our calculations are highly accurate and use the same formulas that banks and lenders use. However, actual loan terms may vary based on your credit score and lender policies.
Yes! Our calculator shows the first 12 months of your payment schedule, including how much goes toward principal and interest each month.