Free Loan Calculator

Calculate loan payments, interest, and amortization schedules. Perfect for mortgages, auto loans, personal loans, and other financing decisions.

Loan Type

Mortgage
Home purchase
Auto Loan
Vehicle purchase
Personal Loan
General purpose
Student Loan
Education
Business Loan
Business financing

Loan Details

$
%
$
$
$
$

Payment Summary

$1,896.20
Monthly Payment
$682,632.00
Total Payment
$382,632.00
Total Interest
80%
Loan-to-Value
28%
Debt-to-Income

Quick Presets

Starter Home
$250K, 6.5%, 30 years
Family Home
$400K, 6.8%, 30 years
Luxury Home
$750K, 7.0%, 30 years
Auto Loan
$35K, 5.5%, 5 years
Personal Loan
$15K, 12%, 3 years

Payment Breakdown

Principal
$1,137.72
Interest
$758.48

Amortization Schedule (First 12 Months)

Month Payment Principal Interest Balance

💰 Loan Calculator Guide

  • Principal: The amount borrowed (loan amount minus down payment)
  • Interest Rate: Annual percentage rate charged by the lender
  • Loan Term: Length of time to repay the loan
  • Down Payment: Initial payment that reduces the loan amount
  • PMI: Private Mortgage Insurance (required if down payment < 20%)
  • Amortization: Process of paying off debt over time through regular payments
  • Loan-to-Value: Ratio of loan amount to property value
  • Debt-to-Income: Ratio of monthly debt payments to monthly income

This calculator uses standard amortization formulas for accurate loan calculations.