Percentage Calculator
Calculate percentages, ratios and percentage changes instantly.
Calculator toolsLoan Calculator
Estimate monthly payments, total interest and an amortization schedule.
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Results are estimates for general information only. Actual rates and outcomes may differ; fees, taxes and inflation are excluded unless a tool explicitly includes them. This is not financial advice.
How to use Loan Calculator
- Enter the amount, annual rate and tenure.
- Choose years or months.
- Review totals and expand the schedule when needed.
How is the payment calculated?
The calculator uses the standard fixed-rate amortizing-loan formula with equal monthly payments.
No sign-up is required. The calculation or transformation happens in this browser tab and the result is available immediately.
BEFORE YOU RELY ON THE RESULT
Practical guidance
This calculator models a conventional fixed-rate amortizing loan with equal monthly payments. It is useful for comparing mathematical scenarios, not predicting a lender’s final offer.
Formula and assumptions
The annual rate is divided by 12 to obtain a monthly rate. The payment is the amount that reduces the balance to zero across the selected number of months; at 0% interest, principal is divided evenly.
The model assumes the rate and payment schedule stay constant, payments arrive monthly, and no extra payments, missed payments or rate changes occur. Tenure is limited to 1,200 months.
What the estimate excludes
Taxes, origination and service fees, insurance, penalties, closing costs and lender-specific rounding or day-count rules are excluded. An advertised APR can also include costs that a simple interest-rate input does not capture.
Currency symbols are deliberately omitted because the same formula works with any consistent currency.
Reading the schedule
Early payments normally contain more interest because the outstanding balance is larger. The final row adjusts for accumulated numerical rounding. Confirm important figures with the lender’s disclosure documents.
Related workflow
- Compound Interest Calculatormodel savings or debt growth assumptions
- Investment Growth Calculatorproject recurring contributions
- CAGR Calculatorannualize beginning and ending values
Good to know
Does it include fees or insurance?+
No. Add fees, taxes and insurance separately when comparing offers.
What happens at 0% interest?+
The principal is divided evenly across the selected months.
Are results financial advice?+
No. Calculator results are estimates for comparison and planning. Check important decisions with a qualified professional.