Loan Calculator

See your monthly payment, total interest, and total cost for any loan — mortgages, car loans, personal loans — with a year-by-year payoff breakdown.

How it works

The monthly payment uses the standard amortization formula, assuming fixed monthly payments and monthly compounding: M = P · r(1+r)n / ((1+r)n − 1), where P is the loan amount, r the monthly rate, and n the number of payments. Early payments are mostly interest; later payments are mostly principal — the table shows exactly how that shifts each year. Taxes, insurance, and fees aren't included.