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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.
Monthly payment
$500.95
Total of payments
$30,056.92
Total interest
$5,056.92
Principal
$25,000.00
🔒 This tool runs entirely in your browser. Your data is never 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.