Loan Calculator
Use our Loan Calculator to determine payments, interest rates, and total costs. Input loan amount, term, and interest rate for quick results. Manage your budget and make informed financial choices.
Calculate monthly payments, total interest, and amortization schedule for different types of loans.
Loan Payment Summary
Monthly Payment
Total Payment
Total Interest
Payment Breakdown
Principal Interest
Amortization Schedule
| Payment No. | Date | Payment | Principal | Interest | Balance |
|---|
Understanding Loans
- Principal is the initial borrowed amount
- Interest is the cost of borrowing money
- APR includes both interest rate and fees
- Amortization shows how payments reduce debt
Smart Borrowing Tips
- Compare offers from multiple lenders
- Check your credit score before applying
- Consider making extra payments to reduce interest
- Understand all fees and terms before signing
- Keep an emergency fund for loan payments
