Loan Calculator
Calculate your estimated monthly loan payments, total interest paid, and amortization schedule.
Calculation History
$ @ % for
Loan Comparison
Monthly Payment
Total Interest
💡 Bi-weekly payments can save you thousands in interest!
💰 By paying extra per month:
- ✓ Save in interest
- ✓ Pay off months earlier
- ✓ New payoff: months ( years)
✓ Good! ⚠️ Caution! ❌ Warning! DTI Ratio: %
Your payment is within recommended limits (≤36%) Payment is high but may be acceptable (36-43%) Payment exceeds recommended limits (>43%). Consider lower amount or longer term.
Payment Summary
Total Monthly: (includes insurance & taxes)
Total Loan Amount
(After down)
Total Interest
Over payments
Total Cost
(Includes fee)
APR
Interest Rate
Loan Term
Total Payments
Loan Payoff Visualization
Payment Breakdown Over Time
💡 Early payments are mostly interest. Over time, more goes toward principal.
Cost Breakdown
Amortization Schedule
| Period | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
Understanding Your Loan
Principal: The original amount borrowed, excluding interest and fees.
Interest Rate: The annual percentage charged by the lender for borrowing money.
APR: Annual Percentage Rate includes interest rate plus origination fees and other costs.
Amortization: The process of paying off debt through regular payments over time.
Payment Frequency: How often you make payments. Bi-weekly payments can save thousands in interest!
DTI Ratio: Debt-to-Income ratio. Lenders typically prefer DTI below 36%, max 43%.
Extra Payments: Additional payments toward principal reduce total interest and loan term.
💡 Keyboard Shortcuts: Ctrl+C (Copy), Ctrl+E (Export PDF), Ctrl+H (History), Ctrl+R (Reset)
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