Calculate your loan or mortgage payment.

Enter the principal, interest rate, and term, and find out your monthly payment, total interest, and full amortization schedule. No sign-up, no data stored.

Loan Payment Calculator

Between 0 and 20. Use 0 if the loan has no interest.

From 1 to 40 years (the schedule is calculated month by month).

Standard Amortized Loan

The same fixed-payment formula used by most financial institutions.

Full Amortization Schedule

See month by month how much goes to principal and how much to interest.

Instant Results

Enter your numbers and get the payment and total cost right away.

No Sign-Up, No Waiting

The calculation happens in your browser. No accounts or passwords.

The longer the term, the more interest you pay overall.

In a fixed-payment loan, most of each early payment goes toward interest, and only a small part reduces the principal. Over time, that balance flips. That’s why a longer term lowers your monthly payment but increases the total interest paid over the life of the loan.

What result do you get?

  • Monthly payment: the fixed amount you’d pay each month for the entire term.
  • Total interest: how much you’d pay in interest over the entire life of the loan.
  • Full amortization schedule: the month-by-month breakdown of remaining balance, principal paid, and interest paid.

For mortgages:

Compare how your payment changes depending on term and interest rate.

For personal loans:

A car, home improvement, or any loan with a fixed payment and set term.

For comparing scenarios:

Try different terms and interest rates before deciding what works for you.

Frequently Asked Questions (FAQ)

Do I need to create an account?

No, never. You can use the calculator directly, with no sign-up or passwords.

What amortization system does this calculator use?

The standard fixed-payment system: your monthly payment stays constant throughout the term, although the proportion of principal and interest within that payment changes month by month.

Will the result exactly match what my bank offers me?

It’s an indicative mathematical estimate. The actual amount may vary depending on fees, bundled insurance, or other conditions each institution applies differently.

Is the result saved if I close the tab?

No. The calculation happens in your browser and disappears when you close or reload the page. If you want to keep it, you can write it down or take a screenshot.

Does this calculator recommend which loan to take out?

No. It only calculates financial math based on the data you enter; it doesn’t recommend any specific lender or product.