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Loan Calculator

Loan Calculator

Use our Loan Calculator to determine your monthly payments, total payment, and interest. Enter the details below!

Loan Calculator

Loan Details

Monthly Payment: $0.00
Total Payment: $0.00
Total Interest: $0.00

How the Loan Calculation Works

The loan calculator uses the following formula to calculate monthly payments:

Monthly Payment (PMT) = P × [r(1 + r)^n] / [(1 + r)^n – 1]

  • P = Loan amount
  • r = Monthly interest rate (annual interest rate / 12)
  • n = Number of months (loan term in years × 12)

Based on the entered loan details, this calculator provides monthly payments, total interest, and total payments. It’s ideal for mortgages, car loans, and personal loans.

Loan Payment Breakdown

Loan Payment Schedule

Month Payment Principal Interest Balance
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