Loan Calculator
Calculate monthly loan payments, interest costs, and amortization schedules for fixed-rate loans.
Our free Loan Calculator helps you understand your monthly payments, total interest costs, and payment schedule for fixed-rate loans. Whether you're planning a personal loan, auto loan, or any other type of installment loan, this tool provides accurate calculations to help you make informed borrowing decisions.
Enter loan details to see your payment breakdown
This loan calculator helps you understand your monthly payments, total interest costs, and payment schedule for fixed-rate loans. The amortization schedule shows exactly how each payment reduces your loan balance over time.
Formula: Payment = P × r × (1 + r)^n / ((1 + r)^n - 1)
Where:
- P = Principal loan amount
- r = Periodic interest rate
- n = Total number of payments
Note: This calculator provides estimates for fixed-rate loans. Actual loan terms may vary based on credit score, lender requirements, and other factors. Always consult with a financial advisor for personalized loan advice.