Calculate your monthly loan payments, total interest, and view a complete amortization schedule. Perfect for mortgages, car loans, personal loans, and more.
| Year | Principal Paid | Interest Paid | Total Paid | Remaining Balance |
|---|
| Payment # | Date | Payment | Principal | Interest | Balance |
|---|
Home loans typically range from 15-30 years with rates between 3-7%. Usually requires 20% down payment to avoid PMI.
Car loans usually range from 3-7 years with rates between 4-10%. New cars often get better rates than used.
Unsecured loans ranging from 1-7 years with rates between 6-36%. Based primarily on credit score.
Education loans with 10-25 year terms. Federal loans have fixed rates, private loans vary widely.
Even small extra payments can significantly reduce total interest and loan term.
Paying bi-weekly instead of monthly results in one extra payment per year.
If rates drop 1% or more, refinancing could save thousands over the loan life.
15-year mortgages have lower rates and save massive amounts in interest.
Input the total amount you want to borrow.
Enter the annual interest rate (APR).
Select the loan duration in years or months.
View payments, interest, and amortization schedule.
An amortization schedule is a table showing each loan payment broken down into principal and interest, along with the remaining balance after each payment.
The interest rate is the cost of borrowing the principal. APR (Annual Percentage Rate) includes the interest rate plus other fees, giving a more complete picture of loan cost.
Extra payments go directly toward the principal, reducing the balance faster. This means less interest accrues over time, potentially saving thousands and shortening the loan term.
Yes, bi-weekly payments result in 26 half-payments per year (equivalent to 13 monthly payments instead of 12), helping you pay off the loan faster and save on interest.