Loan Calculator
Calculate monthly payments, total interest paid, and view the full amortization schedule for any loan.
Monthly Payment
$188.71
Total Payment
$11,322.74
Total Interest
$1,322.74
Principal
$10,000.00
Live Engine Monitoring
v2.4.0-Stable∞
Calculations
0ms
Latency
100%
Browser-Based
100% Private
All calculations run in your browser.
No Sign-up
Use immediately without registration.
Instant Results
Updates live as you adjust inputs.
Knowledge Base
Frequently Asked Questions
How is the monthly loan payment calculated?↓
Using the standard amortization formula: M = P × [r(1+r)^n] / [(1+r)^n − 1], where P is the principal, r is the monthly interest rate (annual rate / 12), and n is the total number of monthly payments.
What is an amortization schedule?↓
An amortization schedule shows each monthly payment broken down into principal and interest portions, along with the remaining balance. Early payments are mostly interest; later payments shift toward principal.
Does this calculator work for mortgages?↓
Yes. Enter your loan amount, annual interest rate, and term in years. The calculator works for mortgages, personal loans, auto loans, and any fixed-rate installment loan.
What happens if the interest rate is 0%?↓
With a 0% interest rate, the monthly payment is simply the principal divided by the number of months. No interest accrues and the total payment equals the original loan amount.