See Your Monthly Payments & Total Interest Instantly.
Don't guess your payments. Our free loan calculator makes it easy to find your monthly payment, see the total interest, and view a full amortization schedule.
Sample Loan Calculation
Your Estimated Monthly Payment:
$501.25
Payment Breakdown
Key Features of Our Loan Payment Calculator
Our calculator goes beyond just the monthly payment. We provide all the details you need to make a smart financial decision.
Visualize Your Payments
See a clear, interactive pie chart that breaks down your total payment into principal vs. total interest.
Full Amortization Table
View a complete, year-by-year (or month-by-month) breakdown of your loan, showing the interest, principal, and remaining balance for every single payment.
Private and Secure
All calculations are done instantly in your browser. We don't save, see, or share any of your financial data.
How to Understand Your Loan: Principal, Interest, & Amortization
Our calculator helps you understand the three key parts of any loan, so you can borrow smarter.
1. Principal
The principal is the original amount of money you borrowed. When you make a payment, a portion of it goes to paying down this principal, and the other part goes to paying interest.
2. Interest Rate (APR)
The interest rate (or Annual Percentage Rate) is the "cost" of borrowing the money, expressed as a yearly percentage. A lower interest rate means you pay less money to the lender over the life of the loan.
3. Amortization
Amortization is the process of paying off a loan over time with regular, equal payments. In the beginning of your loan, a larger portion of your payment goes to interest. As you continue to pay, more and more of your payment goes towards the principal, reducing your loan balance faster. Our calculator generates an amortization schedule that shows you this entire process.
Your All-in-One Mortgage, Car, & Personal Loan Calculator
Mortgage Calculator
Planning to buy a home? Enter the home price, down payment, and term (like 15 or 30 years) to see your monthly mortgage payment.
Car Loan Calculator
Find out how much that new car will really cost. Check your payments for a 3, 5, or 7-year loan to find a budget that works for you.
Personal Loan Calculator
Whether it's for debt consolidation or a home project, see how different loan amounts and interest rates will impact your monthly budget.
Frequently Asked Questions
Ready to Plan Your Loan?
Get clarity on your financial future. Run your first calculation—it's free.
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