Loan Calculator
Our Loan Calculator helps you estimate your monthly payments for any type of loan, such as a mortgage, auto loan, or personal loan. Simply enter the loan amount, annual interest rate, and loan term to see a detailed breakdown of your payment schedule, including the total principal and interest you'll pay over the life of the loan.
Loan Details
Enter your loan information to see the payment details.
Payment Breakdown
Principal vs. Interest over the life of the loan.
Versatile Loan Types
Works for mortgages, auto loans, and personal loans. Understand your potential monthly commitment.
Instant Calculations
Get immediate feedback on your monthly payments and total interest as you adjust the loan terms.
Easy To Use
A simple interface makes it easy to input your loan amount, interest rate, and term in years.
Works Anywhere
This is a browser-based tool, meaning no software to install. It works seamlessly on any device.
Privacy Guaranteed
All calculations are performed on your device. Your financial information is never sent to a server.
Completely Free
A powerful financial planning tool available for free, without any registrations or hidden fees.
Plan Your Financial Future
Understanding your loan payments is a critical step in financial planning. This tool provides the clarity you need to make informed decisions before taking on new debt.
How It Works
Enter the three key components of your loan to see the results:
- Loan Amount: The total amount of money you are borrowing.
- Annual Interest Rate: The yearly interest rate on the loan.
- Loan Term: The number of years you have to repay the loan.
Understanding the Results
The calculator provides two key figures: your estimated monthly payment and the total interest you will pay. This helps you see not just the short-term cost, but the long-term financial impact of the loan. For tracking your monthly budget, including loan payments, use our ClarityBudgets tool.