Loan Calculator
Calculate monthly payments, total interest, and amortization.
Monthly payment
$1,580.17
$250,000.00
Principal
$318,861.22
Total interest
$568,861.22
Total payment
Total payments
360
30 years 0 months
Interest-to-principal ratio
127.5%
of principal paid as interest
First payment split
$226.00 principal
$1,354.17 interest
Last payment split
$1,571.66 principal
$8.51 interest
This calculator uses standard amortization formulas. Add an extra monthly payment above to see how much interest you can save and how many years you can shave off your loan.
About this tool
- 1
Enter loan amount
The total amount you want to borrow.
- 2
Set interest rate
Annual interest rate as a percentage.
- 3
Set loan term
Duration of the loan in months or years.
- 4
View results
See monthly payment, total interest, and amortization schedule.
- Even small interest rate differences add up significantly over long terms.
- A 30-year mortgage costs about 2x the home price in total payments.
- Making extra payments toward principal dramatically reduces total interest.
- The amortization schedule shows how much of each payment goes to interest vs. principal.
- Monthly payment
- Total interest
- Amortization schedule
- Payment chart
- Extra payments
- Calculate mortgage payments.
- Compare loan offers from different lenders.
- Plan car loan or student loan payments.