Calculate monthly payments and total interest
| Year | Principal | Interest | Balance |
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A loan calculator is a financial tool that computes monthly payments, total interest, and amortization schedules for mortgages and loans. It helps you understand the true cost of borrowing before committing to a loan.
Calculate monthly payments and total cost for home purchases.
Evaluate different interest rates and loan terms side by side.
Determine affordable car payments within your budget.
Understand how loan payments fit into your monthly budget.
Input loan amount, down payment, and interest rate.
Choose your loan duration (typically 15 or 30 years).
Include property tax and insurance for total payment.
See monthly payment, total interest, and amortization table.