Loan Calculator
Calculate loan payments, total interest, and create an amortization schedule.
Monthly Payment
$0
Total Interest
$0
Total Payment
$0
Payment Breakdown
Principal: $0
Interest: $0
Amortization Schedule
| Payment # | Date | Payment | Principal | Interest | Balance |
|---|
How Loan Calculations Work
This calculator uses the following formula to calculate monthly payments:
M = P × [r(1 + r)ⁿ] / [(1 + r)ⁿ - 1]
- M = Monthly Payment
- P = Principal Loan Amount
- r = Monthly Interest Rate
- n = Number of Payments