Loan Payment Calculator
Monthly payment, total interest and the amortization schedule for any fixed-rate loan.
Works in your browser. Nothing you type is sent to us.
Principal - Interest -
| Year | Principal paid | Interest paid | Balance left | Paid off |
|---|
Worked out in your browser with the standard reducing-balance formula. Nothing you type is sent to us. Your lender's figure can differ slightly with fees and day-count rules.
Loan Payment Calculator at a glance
- Price
- Free
- Data sent to us
- None, it runs in your browser
- Sign-up
- Not needed
- Method
- Reducing balance, monthly
- Terms
- 1 month to 100 years
- Export
- CSV, month by month
How to use Loan Payment Calculator
- Enter the loanType the amount you will borrow, the yearly interest rate and the term.
- Read the EMIThe monthly EMI, total interest and total payment appear at once.
- Check the scheduleScroll the year-by-year table, or download the month-by-month schedule as a CSV.
Type the amount borrowed, the APR and the term to see the monthly payment, the total interest and the amortization schedule by year for a car, personal or student loan with a fixed rate. Download every month's principal, interest and balance as a CSV.
How it works
Loan Payment Calculator is a web page that does its work on your own device. Everything you type or choose is worked out by your browser and never sent to a server, so nothing is stored and there is nothing to delete. There is no account, no sign-up and no limit on how often you use it.
APR versus interest rate
Lenders quote an APR that includes some fees. Typing the APR here gives a slightly higher payment than the note rate, which is a fair way to compare offers.
Questions
Does it work for a mortgage?
It gives the principal and interest part. A mortgage payment usually adds property tax, insurance and sometimes PMI on top.
Other shortcuts
EMI Calculator · Home Loan EMI Calculator · Car Loan EMI Calculator
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