Loan Calculator
Estimate your monthly payments, total interest costs, and amortization schedule instantly.
$
5.5%
0%20%
Duration5 years
1 year10 years
Monthly Payment
$473.28
Total Principal
$15,000
Total Interest
$3,397
Total Cost of Loan
$28,397
Breakdown
Ratio
Interest
12%Principal
53%calendar_month
Amortization Schedule
View yearly breakdown
Understanding Your Loan
A loan calculator is a simple tool to help you estimate your monthly loan payments. By entering the loan amount, interest rate, and loan term, you can see how much you'll pay each month and the total cost of the loan over time.
Most loans are amortized, meaning that each monthly payment is split between paying off the interest and the principal balance. In the early years, a larger portion of your payment goes toward interest.