Loan Calculator
Calculate monthly payments, total interest, and compare different loan options. Plan your borrowing with our comprehensive loan calculator.
Total principal amount you want to borrow
Annual percentage rate (APR)
Monthly Payment
$0.00
Total Interest
$0.00
Loan Summary
Principal Amount
$0.00
Total of Payments
$0.00
Number of Payments
0
Interest Ratio
0%
Year-by-Year Breakdown
| Year | Months | Total Paid | Principal | Interest | Balance |
|---|
Understanding Loan Calculations
When you take out a loan, you borrow a principal amount and repay it over time with interest. The loan payment formula determines your monthly payment based on the principal, interest rate, and loan term.
Loan Payment Formula
M = P × [r(1+r)n] / [(1+r)n - 1]
Where P = Principal, r = Monthly interest rate, n = Total number of payments
Features
📊 Detailed Breakdown
See year-by-year payment breakdown with principal and interest split.
💰 Total Cost Analysis
Understand total interest paid over the entire loan term.
📅 Flexible Terms
Calculate for any term in months or years.
💯 100% Free
Unlimited calculations, no registration required.