How to Use Loan Calculator
Enter a loan amount, interest rate and term to see your monthly payment, total interest paid and the complete month-by-month amortization schedule showing how each payment splits between principal and interest.
Open the Loan Calculator tool →What is Loan Calculator?
Calculate monthly loan payments, total interest and a full amortization schedule. It's completely free, needs no sign-up, and runs entirely in your browser — so it's fast and private.
How to use Loan Calculator
- Open the Loan Calculator tool.
- Enter your details or values.
- The result is calculated instantly.
- Copy or use the result. Everything runs in your browser — nothing is uploaded.
Frequently asked questions
How is the monthly payment calculated?
It uses the standard amortization (annuity) formula, spreading principal and interest evenly across every month of the term.
Ready to try it?
Open Loan Calculator →