Loan Calculator
Calculate loan payments, total interest, and amortization schedules. Perfect for mortgages, auto loans, and personal loans.
Loan Calculator
Calculate loan payments, total interest, and amortization schedules. Perfect for mortgages, auto loans, and personal loans.
🏦 Loan Details
$
$
20.0% of home price
%
Monthly Payment
$1,363
Total Interest
$250,570
Total Cost
$550,570
Loan-to-Value
80.0%
📋 Loan Breakdown
Home Price / Loan Amount:
$300,000
$300,000
Down Payment:
$60,000 (20.0%)
$60,000 (20.0%)
Loan Amount:
$240,000
$240,000
Total of Payments:
$490,570
$490,570
Total Interest Paid:
$250,570
$250,570
Payoff Date:
7/22/2055
7/22/2055
📊 Payment Breakdown
Principal Portion
48.9%
$240,000Interest Portion
51.1%
$250,570📅 Amortization Schedule
| Payment # | Principal | Interest | Balance |
|---|---|---|---|
| 1 | $262.69 | $1,100.00 | $239,737 |
| 2 | $263.90 | $1,098.80 | $239,473 |
| 3 | $265.11 | $1,097.59 | $239,208 |
| 4 | $266.32 | $1,096.37 | $238,942 |
| 5 | $267.54 | $1,095.15 | $238,674 |
| 6 | $268.77 | $1,093.92 | $238,406 |
| 7 | $270.00 | $1,092.69 | $238,136 |
| 8 | $271.24 | $1,091.46 | $237,864 |
| 9 | $272.48 | $1,090.21 | $237,592 |
| 10 | $273.73 | $1,088.96 | $237,318 |
| 11 | $274.99 | $1,087.71 | $237,043 |
| 12 | $276.25 | $1,086.45 | $236,767 |
| 13 | $277.51 | $1,085.18 | $236,489 |
| 14 | $278.78 | $1,083.91 | $236,211 |
| 15 | $280.06 | $1,082.63 | $235,931 |
| 16 | $281.34 | $1,081.35 | $235,649 |
| 17 | $282.63 | $1,080.06 | $235,367 |
| 18 | $283.93 | $1,078.76 | $235,083 |
| 19 | $285.23 | $1,077.46 | $234,797 |
| 20 | $286.54 | $1,076.16 | $234,511 |
| 21 | $287.85 | $1,074.84 | $234,223 |
| 22 | $289.17 | $1,073.52 | $233,934 |
| 23 | $290.50 | $1,072.20 | $233,643 |
| 24 | $291.83 | $1,070.87 | $233,352 |
| 25 | $293.17 | $1,069.53 | $233,058 |
| 26 | $294.51 | $1,068.18 | $232,764 |
| 27 | $295.86 | $1,066.83 | $232,468 |
| 28 | $297.21 | $1,065.48 | $232,171 |
| 29 | $298.58 | $1,064.12 | $231,872 |
| 30 | $299.95 | $1,062.75 | $231,572 |
| 31 | $301.32 | $1,061.37 | $231,271 |
| 32 | $302.70 | $1,059.99 | $230,968 |
| 33 | $304.09 | $1,058.60 | $230,664 |
| 34 | $305.48 | $1,057.21 | $230,359 |
| 35 | $306.88 | $1,055.81 | $230,052 |
| 36 | $308.29 | $1,054.40 | $229,744 |
| 37 | $309.70 | $1,052.99 | $229,434 |
| 38 | $311.12 | $1,051.57 | $229,123 |
| 39 | $312.55 | $1,050.15 | $228,810 |
| 40 | $313.98 | $1,048.71 | $228,496 |
| 41 | $315.42 | $1,047.27 | $228,181 |
| 42 | $316.86 | $1,045.83 | $227,864 |
| 43 | $318.32 | $1,044.38 | $227,546 |
| 44 | $319.78 | $1,042.92 | $227,226 |
| 45 | $321.24 | $1,041.45 | $226,905 |
| 46 | $322.71 | $1,039.98 | $226,582 |
| 47 | $324.19 | $1,038.50 | $226,258 |
| 48 | $325.68 | $1,037.01 | $225,932 |
| 49 | $327.17 | $1,035.52 | $225,605 |
| 50 | $328.67 | $1,034.02 | $225,276 |
| 51 | $330.18 | $1,032.52 | $224,946 |
| 52 | $331.69 | $1,031.00 | $224,614 |
| 53 | $333.21 | $1,029.48 | $224,281 |
| 54 | $334.74 | $1,027.95 | $223,946 |
| 55 | $336.27 | $1,026.42 | $223,610 |
| 56 | $337.81 | $1,024.88 | $223,272 |
| 57 | $339.36 | $1,023.33 | $222,933 |
| 58 | $340.92 | $1,021.78 | $222,592 |
| 59 | $342.48 | $1,020.21 | $222,249 |
| 60 | $344.05 | $1,018.64 | $221,905 |
| 61 | $345.63 | $1,017.07 | $221,560 |
| 62 | $347.21 | $1,015.48 | $221,213 |
| 63 | $348.80 | $1,013.89 | $220,864 |
| 64 | $350.40 | $1,012.29 | $220,513 |
| 65 | $352.01 | $1,010.69 | $220,161 |
| 66 | $353.62 | $1,009.07 | $219,808 |
| 67 | $355.24 | $1,007.45 | $219,453 |
| 68 | $356.87 | $1,005.82 | $219,096 |
| 69 | $358.51 | $1,004.19 | $218,737 |
| 70 | $360.15 | $1,002.55 | $218,377 |
| 71 | $361.80 | $1,000.89 | $218,015 |
| 72 | $363.46 | $999.24 | $217,652 |
| 73 | $365.12 | $997.57 | $217,287 |
| 74 | $366.80 | $995.90 | $216,920 |
| 75 | $368.48 | $994.22 | $216,551 |
| 76 | $370.17 | $992.53 | $216,181 |
| 77 | $371.86 | $990.83 | $215,809 |
| 78 | $373.57 | $989.13 | $215,436 |
| 79 | $375.28 | $987.41 | $215,060 |
| 80 | $377.00 | $985.69 | $214,683 |
| 81 | $378.73 | $983.97 | $214,305 |
| 82 | $380.46 | $982.23 | $213,924 |
| 83 | $382.21 | $980.49 | $213,542 |
| 84 | $383.96 | $978.73 | $213,158 |
| 85 | $385.72 | $976.97 | $212,772 |
| 86 | $387.49 | $975.21 | $212,385 |
| 87 | $389.26 | $973.43 | $211,996 |
| 88 | $391.05 | $971.65 | $211,605 |
| 89 | $392.84 | $969.85 | $211,212 |
| 90 | $394.64 | $968.05 | $210,817 |
| 91 | $396.45 | $966.25 | $210,421 |
| 92 | $398.27 | $964.43 | $210,022 |
| 93 | $400.09 | $962.60 | $209,622 |
| 94 | $401.92 | $960.77 | $209,220 |
| 95 | $403.77 | $958.93 | $208,817 |
| 96 | $405.62 | $957.08 | $208,411 |
| 97 | $407.48 | $955.22 | $208,004 |
| 98 | $409.34 | $953.35 | $207,594 |
| 99 | $411.22 | $951.47 | $207,183 |
| 100 | $413.10 | $949.59 | $206,770 |
| 101 | $415.00 | $947.70 | $206,355 |
| 102 | $416.90 | $945.79 | $205,938 |
| 103 | $418.81 | $943.88 | $205,519 |
| 104 | $420.73 | $941.96 | $205,098 |
| 105 | $422.66 | $940.03 | $204,676 |
| 106 | $424.60 | $938.10 | $204,251 |
| 107 | $426.54 | $936.15 | $203,825 |
| 108 | $428.50 | $934.20 | $203,396 |
| 109 | $430.46 | $932.23 | $202,966 |
| 110 | $432.43 | $930.26 | $202,533 |
| 111 | $434.42 | $928.28 | $202,099 |
| 112 | $436.41 | $926.29 | $201,662 |
| 113 | $438.41 | $924.29 | $201,224 |
| 114 | $440.42 | $922.28 | $200,784 |
| 115 | $442.44 | $920.26 | $200,341 |
| 116 | $444.46 | $918.23 | $199,897 |
| 117 | $446.50 | $916.19 | $199,450 |
| 118 | $448.55 | $914.15 | $199,002 |
| 119 | $450.60 | $912.09 | $198,551 |
| 120 | $452.67 | $910.03 | $198,098 |
Showing first 120 payments
💡 How to Use
- Enter the total price or loan amount
- Set your down payment amount
- Input the annual interest rate
- Choose the loan term (15, 20, 25, or 30 years)
🧮 Formula
Monthly Payment:
Variables:
M = Monthly payment
P = Loan principal (amount borrowed)
r = Monthly interest rate (annual rate ÷ 12)
n = Total number of payments (years × 12)
M = P × [r(1+r)^n] / [(1+r)^n - 1]Variables:
M = Monthly payment
P = Loan principal (amount borrowed)
r = Monthly interest rate (annual rate ÷ 12)
n = Total number of payments (years × 12)