Loan Calculator
Calculate loan payments, total interest, and payment breakdowns
Loan Details
Enter your loan information to calculate payments
Loan Analysis
Payment breakdown and loan summary
Enter loan details to calculate payments
Common Loan Examples
Click to load typical loan scenarios
Home Mortgage
Amount: $300,000
Rate: 3.5%
Term: 30 years
Car Loan
Amount: $25,000
Rate: 4.2%
Term: 5 years
Personal Loan
Amount: $10,000
Rate: 8.5%
Term: 3 years
Student Loan
Amount: $50,000
Rate: 5.0%
Term: 10 years
How Loan Calculations Work
Payment Formula
Uses the standard loan payment formula: PMT = P × [r(1+r)^n] / [(1+r)^n - 1] where P is principal, r is periodic rate, and n is number of payments.
Interest vs Principal
Early payments consist mostly of interest. Over time, more of each payment goes toward principal as the outstanding balance decreases.