—
Monthly Payment
—
Total Payment
—
Total Interest
How to Use Loan Calculator
1
Enter loan amount, interest rate and term.
2
Click Calculate.
3
View monthly payment, total interest and the amortization table.
Features
✓Monthly payment calculation
✓Total interest paid
✓12-month amortization schedule
✓Supports years or months term
Why Use This Tool
Plan mortgage or personal loan costs
Compare loan options
Understand how interest accumulates
Frequently Asked Questions
What is amortization?
Amortization is the process of paying off a loan in regular installments. Early payments go mostly to interest; later payments mostly to principal.
Can I calculate a 0% interest loan?
Yes — the tool correctly handles zero-interest loans.