Loan Calculator
Calculate monthly payments, total interest, and total cost of a loan.
✅ 100% Free
🔒 Privacy First
⚡ Instant Results
What is a Loan Calculator?
A loan calculator uses the amortization formula to compute periodic payments.
How to Use This Loan Calculator
- Enter the loan amount.
- Enter the annual interest rate.
- Enter the loan term in years or months.
- Click Calculate.
How It Works
M = P × r(1+r)^n / ((1+r)^n − 1), where P is principal, r is monthly rate, n is number of payments.
Example Calculation
$200,000 at 5% for 30 years: monthly payment ≈ $1,073.64.
Frequently Asked Questions
What is amortization?
Amortization is the process of paying off a loan through regular payments that cover both interest and principal.
Privacy & Data Processing
All calculations run in your browser.
Last updated: 2026-09-01