Loan Calculator
Calculate monthly loan payments, total interest, and see a complete amortization breakdown for any loan.
Loan Calculator Basics
Computes payment schedules for installment loans from principal, rate, and term.
Formula
Payment = P r / (1 − (1 + r)^(-n)) for periodic rate r and n periods
Example
$15,000 at 8% APR for 36 months → payment ≈ $470.
FAQs
APR vs rate?
APR includes fees; periodic rate is APR/periods.
Extra payments?
Reduce interest and term; consider prepayment penalties.
How to use the Loan Calculator
Follow these steps to get accurate results with the loan calculator.
- 1
Enter your values
Fill in the required input fields above. Units can be changed where available.
- 2
Click Calculate
Press the calculate button to compute results instantly in your browser.
- 3
Review your results
View the computed outputs and use related calculators for deeper analysis.
Related Calculators
Explore these related calculators to help you make informed decisions:
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Calculate your loan amortization schedule and see how each payment is split between principal and interest over time.
APR Calculator
Compute Annual Percentage Rate (APR) by factoring interest and lender fees to compare loan offers accurately.
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