Loan Calculator
Estimate monthly payments, total interest, payoff time and amortization. Compare loan amounts, interest rates, terms and extra payments in seconds.
Enter Loan Details
Use fixed-rate loan details to estimate the repayment schedule.
Loan Results
Review the estimated payment, total cost and payoff impact.
Loan summary
Enter your loan details and calculate to see a personalized repayment summary.
Saved Scenarios
How to Use the Loan Calculator
Estimate a fixed-rate installment loan in three steps.
1. Enter the loan amount
Add the amount you plan to borrow and choose your currency.
2. Add the rate and term
Enter the annual interest rate, loan term and payment frequency.
3. Compare repayment options
Review the payment, total interest, payoff date and the effect of extra payments.
Amortization Schedule
| Payment | Date | Payment | Principal | Interest | Extra | Balance |
|---|
What the Results Mean
Understand the most important loan repayment numbers.
Payment per period
The estimated amount due each month, week or biweekly period based on the selected frequency.
Total interest
The estimated sum of interest charges paid over the full repayment period.
Total repayment
The loan principal plus all estimated interest and extra payments made during repayment.
When This Calculator Is Useful
Use it to compare common fixed-rate borrowing scenarios.
Personal loans
Estimate payments for debt consolidation, home improvements, major purchases or unexpected expenses.
Auto loans
Compare vehicle loan amounts, rates, repayment terms and extra payment strategies.
Student and other installment loans
Model repayment for loans with a fixed rate and regular scheduled payments.
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Loan Calculator FAQ
Common questions about estimating loan payments.
How is the loan payment calculated?
The calculator uses a standard fixed-rate amortization formula based on the principal, periodic interest rate and number of scheduled payments.
Can I use this calculator for a personal loan?
Yes. It can estimate many fixed-rate installment loans, including personal, auto and some student loans.
What happens if I add extra payments?
Extra payments reduce the outstanding principal faster, which may shorten the payoff period and reduce total interest.
Does the calculator include lender fees?
No. Origination fees, insurance, taxes, late fees and other lender charges are not included unless you add them to the loan amount.
Why might my lender's payment be different?
Lenders may use different compounding conventions, payment dates, fees or rounding rules. Use this page as an estimate and verify final terms directly with the lender.