See your payment, total interest, and payoff date, with a full amortization schedule and a chart of the balance shrinking over time — plus how much an extra payment can save you.
When you borrow money, each payment is split between interest (the cost of borrowing) and principal (paying down what you owe). Early on, most of your payment goes to interest; over time the balance shrinks and more goes to principal. That schedule of payments is called amortization, and this calculator builds it for any fixed-rate loan — auto loans, personal loans, student loans, mortgages, and more.
Enter the amount, rate, and term and you'll instantly see the payment, the total interest you'll pay, and when the loan is paid off, along with a payment-by-payment schedule and a chart. It runs entirely in your browser, so none of your financial details are uploaded.
P · r / (1 − (1 + r)−n), where r is the periodic rate and n is the number of payments.Enter the amount, interest rate, and term, and the calculator shows the monthly payment along with the total interest over the loan's life, which is the number that actually motivates decisions.
The month-by-month table of every payment split into principal and interest. Early payments are mostly interest, and watching the balance chart bend is the clearest explanation of why extra payments early matter so much.
The extra-payment analysis answers with your numbers: add any monthly amount and see exactly how many months disappear from the term and how many dollars of interest never get paid.
Yes. The math is standard amortization, so auto, personal, and student loans all compute the same way; enter your rate and term.
No. The calculation runs in your browser, and unlike lender-site calculators, nothing you type becomes a sales lead.