Loan Calculator
Work out the monthly payment, total interest and payoff schedule for any fixed-rate loan — personal, student or anything in between.
Read the guide: How Loan Payments and Interest Actually WorkLoan details
Monthly payment
$495.03
Paid off in 5 yr
- Total interest
- $4,702
- Total paid
- $29,702
Total paid
$29,702
- Principal84%
- Interest16%
Amortization schedule
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | $372 | $123 | $20,673 |
| 2 | $399 | $96 | $16,032 |
| 3 | $428 | $67 | $11,057 |
| 4 | $459 | $36 | $5,721 |
| 5 | $492 | $3 | $0 |
Assumes a fixed rate and equal monthly payments. Estimates for planning only, not financial advice.
How it works
- 1
Enter the loan
Add the amount you are borrowing, the interest rate and the term in months.
- 2
Add any extra
Optionally include an extra monthly payment to see how much faster you clear it.
- 3
Compare the cost
See the monthly payment, total interest and a full month-by-month schedule.
Instant & 100% private — nothing is uploaded
Every calculation runs locally in your browser. The income, balances and goals you enter stay on your own device and are never sent to a server — nothing is stored, logged or shared.
Frequently asked questions
- Does this work for any kind of loan?
- Yes, for any fixed-rate, fixed-term loan with equal monthly payments — personal loans, student loans, RV or equipment loans and more.
- How much does a lower rate really save?
- Lower the rate and watch the total interest drop. On longer loans even half a percent adds up to a meaningful amount over the term.
- Is my data sent anywhere?
- No. Every calculation runs in your browser. Nothing you type is uploaded, logged or stored, and the numbers reset when you close the tab.
- Is this financial advice?
- No. These are estimates to help you plan and compare options. Your real figures depend on your lender, taxes and personal situation, so check with a qualified professional before deciding.