Loan Calculator
Calculate monthly payments and amortization schedule for mortgages, auto loans, and personal loans
How Loan Calculations Work:
- • Monthly payment is calculated using the standard loan amortization formula
- • Early payments go mostly toward interest, later payments toward principal
- • Total interest paid is the difference between total payments and loan amount
- • Shorter loan terms = higher monthly payment but less total interest
- • This calculator assumes fixed interest rate and regular monthly payments