Estimate monthly payments, total interest, and total repayment for any loan. View the full amortization schedule.
Your monthly loan payment is determined by three factors: the loan amount (principal), the interest rate, and the loan term. This calculator uses the standard amortization formula to provide accurate monthly payment estimates, total interest paid, and a full amortization schedule showing how each payment is split between principal and interest.
Using the standard amortization formula: M = P × [r(1+r)^n] / [(1+r)^n - 1], where P is principal, r is monthly interest rate, and n is total months.
It shows each monthly payment broken down into principal and interest portions, plus the remaining balance after each payment.
No. This calculator only estimates principal and interest. Actual loans may include origination fees, insurance, or other costs.
No. All calculations happen entirely in your browser. Nothing is sent to any server.