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Loan / Mortgage Calculator

Q: What formula is used?

The standard amortization formula: M = P × [r(1+r)^n] / [(1+r)^n – 1], where P is principal, r is monthly rate, and n is total payments.

Q: Does this include taxes and insurance?

No. This calculates principal and interest only. Your actual payment may include property tax, insurance, and PMI.

Q: Can I calculate a 0% interest loan?

Yes. At 0% interest, the monthly payment is simply the principal divided by the number of months.

Q: What does the amortization schedule show?

A yearly summary showing how much principal and interest you pay each year, and your remaining balance.

Calculate your loan or mortgage payments instantly. Enter the principal, interest rate, and term to see monthly payments, total interest, and a yearly breakdown.

account_balance Loan Details

Loan Amount ($)

Annual Rate (%)

Term (Years)

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How to use

Enter the loan amount, interest rate, and term to calculate your monthly payment and see a yearly breakdown.

Uses the standard amortization formula.

check_circle Monthly payment calculation
check_circle Total interest and total cost
check_circle Yearly amortization schedule

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