Calculate monthly loan payments, total interest costs, and create detailed amortization schedules for mortgages, auto loans, and personal loans.
Input the loan amount, interest rate, and term length. Choose between mortgage, auto, or personal loan types.
Include any down payment or trade-in value to reduce the loan principal and monthly payments.
Check monthly payments, total interest, and view the complete amortization schedule breakdown.
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Principal & Interest
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Cost of borrowing
| Payment # | Payment | Principal | Interest | Balance |
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Enter loan details to see amortization schedule |
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Compare rates from multiple lenders. Even a 0.25% difference can save thousands.
A 20% down payment eliminates PMI and reduces monthly payments significantly.
Shorter loan terms mean less interest paid overall, though monthly payments are higher.
| Loan Type | Typical Rates | Typical Terms | Best For |
|---|---|---|---|
| Mortgage | 6.0-8.0% | 15-30 years | Home purchase |
| Auto Loan | 4.0-8.0% | 3-7 years | Vehicle purchase |
| Personal Loan | 6.0-36.0% | 1-7 years | Debt consolidation |
| Student Loan | 3.0-7.0% | 10-30 years | Education expenses |
Early Payments: Most of your payment goes toward interest, with only a small portion reducing the principal balance.
Mid-Term: The proportion shifts as you pay down the principal, but interest still dominates.
Later Payments: More of each payment goes toward principal as the loan balance decreases.
Predictable Payments: Fixed monthly payments make budgeting easier.
Equity Building: Principal reduction builds ownership over time.
Tax Advantages: Mortgage interest may be tax deductible (consult a tax professional).