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Loan Calculator

Calculate loan payments, interest costs, and amortization

Calculate Loan Payments

Considering a loan? Our Loan Calculator shows you exactly what your monthly payments will be and how much total interest you will pay over the life of the loan. Enter the loan amount, interest rate, and term to see a complete payment breakdown.

Understanding Loan Costs

Monthly payments include both principal (paying back what you borrowed) and interest (the cost of borrowing). The interest rate and loan term significantly impact your total cost. Longer terms mean lower monthly payments but more total interest paid.

Plan Your Borrowing

Compare different loan scenarios before applying. See how extra payments reduce total interest. Understand the true cost of borrowing. Make informed decisions about mortgages, auto loans, and personal loans.