Loan calculator
Free online loan calculator. Calculate monthly payment, mortgage calculator with interest, total paid and full amortization schedule.
How it works
- 1
Enter the loan details
Specify the loan amount, the annual interest rate and the duration in years.
- 2
View the monthly payment
The tool instantly calculates the monthly payment, total interest and total paid over the life of the loan.
- 3
Review the amortization schedule
Expand the complete amortization schedule to see the monthly breakdown of principal, interest and remaining balance.
FAQ
How is a mortgage payment calculated?
The payment is calculated using the French amortization formula: R = C × r × (1+r)^n / ((1+r)^n - 1), where C is capital, r is monthly rate and n is number of payments.
What does the amortization schedule show?
It shows month by month: the payment, principal portion, interest portion and remaining balance. At the beginning you pay more interest, towards the end more principal.
Does this calculator replace a bank quote?
No, it provides an indicative estimate. For a real quote consult a bank or financial advisor who will account for additional costs and specific conditions.
