Loan Calculator
Calculate loan payments, interest, and amortization schedule. Perfect for mortgage, car loan, and personal loan calculations.
About Loan Calculations
This loan calculator uses the standard loan payment formula:
Monthly Payment = P × (r × (1 + r)^n) / ((1 + r)^n - 1)
Where:
P = Principal loan amount
r = Monthly interest rate (annual rate ÷ 12)
n = Total number of payments
Where:
P = Principal loan amount
r = Monthly interest rate (annual rate ÷ 12)
n = Total number of payments
Note: This calculator assumes fixed interest rates and equal payments. For variable rate loans or balloon payments, consult with your lender.