AwesomeTools4Me

Loan Calculator

Calculate monthly payments, amortization schedules, and total interest for any loan. Includes early payment and export features.

Loan Calculator

Monthly Payment
$382.02
Total Interest: $2921.39
Total Paid: $22921.39
Loan Term: 60 months
Balance Over Time

Amortization Schedule

MonthPaymentPrincipalInterestBalance
1$382.02$290.36$91.67$19709.64
2$382.02$291.69$90.34$19417.96
3$382.02$293.02$89.00$19124.93
4$382.02$294.37$87.66$18830.56
5$382.02$295.72$86.31$18534.85
6$382.02$297.07$84.95$18237.78
7$382.02$298.43$83.59$17939.34
8$382.02$299.80$82.22$17639.54
9$382.02$301.18$80.85$17338.37
10$382.02$302.56$79.47$17035.81
11$382.02$303.94$78.08$16731.87
12$382.02$305.34$76.69$16426.53
13$382.02$306.73$75.29$16119.80
14$382.02$308.14$73.88$15811.66
15$382.02$309.55$72.47$15502.10
16$382.02$310.97$71.05$15191.13
17$382.02$312.40$69.63$14878.73
18$382.02$313.83$68.19$14564.91
19$382.02$315.27$66.76$14249.64
20$382.02$316.71$65.31$13932.93
21$382.02$318.16$63.86$13614.76
22$382.02$319.62$62.40$13295.14
23$382.02$321.09$60.94$12974.05
24$382.02$322.56$59.46$12651.49
25$382.02$324.04$57.99$12327.46
26$382.02$325.52$56.50$12001.93
27$382.02$327.01$55.01$11674.92
28$382.02$328.51$53.51$11346.41
29$382.02$330.02$52.00$11016.39
30$382.02$331.53$50.49$10684.86
31$382.02$333.05$48.97$10351.80
32$382.02$334.58$47.45$10017.23
33$382.02$336.11$45.91$9681.12
34$382.02$337.65$44.37$9343.46
35$382.02$339.20$42.82$9004.27
36$382.02$340.75$41.27$8663.51
37$382.02$342.32$39.71$8321.20
38$382.02$343.88$38.14$7977.31
39$382.02$345.46$36.56$7631.85
40$382.02$347.04$34.98$7284.81
41$382.02$348.63$33.39$6936.17
42$382.02$350.23$31.79$6585.94
43$382.02$351.84$30.19$6234.10
44$382.02$353.45$28.57$5880.65
45$382.02$355.07$26.95$5525.58
46$382.02$356.70$25.33$5168.88
47$382.02$358.33$23.69$4810.55
48$382.02$359.97$22.05$4450.58
49$382.02$361.62$20.40$4088.95
50$382.02$363.28$18.74$3725.67
51$382.02$364.95$17.08$3360.72
52$382.02$366.62$15.40$2994.10
53$382.02$368.30$13.72$2625.80
54$382.02$369.99$12.03$2255.81
55$382.02$371.68$10.34$1884.13
56$382.02$373.39$8.64$1510.74
57$382.02$375.10$6.92$1135.64
58$382.02$376.82$5.21$758.83
59$382.02$378.55$3.48$380.28
60$382.02$380.28$1.74$0.00

How It Works

  • Enter your loan details and see your monthly payment instantly.
  • Extra payments reduce your total interest and shorten your loan term.
  • Export your full amortization schedule as a CSV file for further analysis.
  • All calculations are performed locally in your browser for privacy.

Free Loan Calculator: Plan Your Finances with Confidence

Considering a mortgage, car loan, personal loan, or any other financing? Our comprehensive Loan Calculator helps you understand the true cost of borrowing, visualize your payment schedule, and make informed financial decisions—all with complete privacy as calculations happen entirely in your browser.

Key Features & Benefits

  • Instant Payment Calculation: Get your monthly payment amount immediately based on loan amount, interest rate, and term.
  • Complete Amortization Schedule: View a detailed breakdown of every payment showing principal, interest, and remaining balance.
  • Early Payment Simulation: See how adding extra payments can reduce your loan term and save on interest.
  • Total Interest Analysis: Understand exactly how much interest you'll pay over the life of the loan.
  • CSV Export: Download your amortization schedule for record-keeping or further analysis in spreadsheet software.
  • Visual Payment Breakdown: Interactive charts show you exactly where your money goes each month.
  • Privacy-First: All calculations happen in your browser—your financial data never leaves your device.

How to Use Our Loan Calculator

  1. Enter Loan Details: Input your loan principal amount, interest rate, and term in years.
  2. Review Monthly Payment: Your required monthly payment appears instantly at the top of the calculator.
  3. Add Extra Payments (Optional): Enter any additional monthly payment amount to see how it affects your loan.
  4. Examine the Amortization Schedule: Scroll through the complete payment schedule showing each payment breakdown.
  5. Analyze Interest Savings: If you added extra payments, notice the reduced total interest and shortened loan term.
  6. Export Results: Click the download icon to save your amortization schedule as a CSV file.

Real-World Applications

  • Mortgage Planning: Compare different loan amounts, interest rates, and terms to find the right mortgage for your budget.
  • Auto Loan Optimization: Determine whether a longer term with lower payments or a shorter term with higher payments fits your financial situation.
  • Debt Payoff Strategy: Calculate how increasing your monthly payment can dramatically reduce your total interest and payoff time.
  • Financial Education: Understand the impact of interest rates and loan terms on the total cost of borrowing.
  • Budget Planning: Include accurate loan payment amounts in your monthly budget planning.
  • Refinancing Analysis: Compare your current loan with refinancing options to determine if refinancing makes financial sense.

Frequently Asked Questions

How accurate is this loan calculator?
Our calculator uses industry-standard formulas for amortization calculations, providing accurate results for fixed-rate loans. Results may vary slightly from actual loan terms due to factors like payment rounding, fees, or specific lender practices.
Does this calculator account for taxes, insurance, or other fees?
This calculator focuses on the loan principal and interest. For mortgages with escrow accounts, remember to add property taxes, homeowners insurance, and possibly PMI to the calculated payment amount for a complete monthly payment.
Is my financial information secure when using this calculator?
Yes, all calculations happen entirely in your browser. Your loan details and results never leave your device or get sent to our servers, ensuring complete privacy and security.
Can I use this for adjustable-rate loans?
This calculator assumes a fixed interest rate throughout the loan term. For adjustable-rate loans, you can use it to calculate initial payments and then adjust inputs when rates change.
How do extra payments affect my loan?
Extra payments go directly toward reducing your principal balance, which decreases the amount of interest charged on future payments and shortens your overall loan term.

Smart Loan Management Strategies

  • Bi-weekly Payments: Consider making half your monthly payment every two weeks instead of one monthly payment. This results in 26 half-payments (13 full payments) per year instead of 12, reducing your loan term and interest.
  • Round Up Payments: Round your payment up to the nearest $50 or $100 to gradually reduce your principal without significantly impacting your budget.
  • Apply Windfalls to Principal: Use tax refunds, bonuses, or other unexpected income as one-time extra payments toward your loan principal.
  • Check for Prepayment Penalties: Before making extra payments, verify your loan doesn't have prepayment penalties that could offset your interest savings.
  • Refinance Strategically: If interest rates drop significantly, calculate whether refinancing would save you money over the remaining life of your loan after accounting for closing costs.

Make Informed Financial Decisions Today

Understanding the full impact of loan terms on your finances is crucial for making sound borrowing decisions. Our free Loan Calculator empowers you with the insights needed to manage debt effectively, potentially save thousands in interest, and achieve your financial goals sooner.

Whether you're planning a major purchase, looking to refinance, or developing a debt repayment strategy, start by running the numbers with our intuitive, privacy-focused calculator.