Loan Calculator — mortgage
Calculate monthly loan payments, total interest, and amortization schedule for any loan.
Monthly payment
$382.02
Total payment
$22,921.39
Total interest
$2,921.39
How to use Loan Calculator
Enter Your Loan Amount
Type the total loan amount in the 'Loan Amount' field. Enter numbers only (e.g., 250000 for $250,000). This is the principal you're borrowing.
Input Your Interest Rate
Click the 'Annual Interest Rate' field and enter your rate as a percentage (e.g., 5.5 for 5.5%). Use one decimal place for accuracy. Your lender provides this rate.
Set the Loan Term
Select 'Loan Term' dropdown and choose the number of months or years. Common options: 12-84 months for auto loans, 180-360 months for mortgages. Click 'Months' or 'Years' toggle to switch units.
View Your Results Instantly
Results display immediately below the input fields: Monthly Payment (bolded), Total Interest Paid, and Total Amount to Repay. Scroll down to see the complete Amortization Schedule table.
Review the Amortization Schedule
The table shows each payment number, principal paid, interest paid, and remaining balance for every month. Export or print this table using the 'Download PDF' button in the top-right corner.
Frequently Asked Questions
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