💰 Loan Calculator
Estimate monthly payments, total interest and see the amortization schedule
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%
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Monthly payment
$1,419.47
Total paid
$511,010.10
Total interest
$261,010.10
Amortization schedule (yearly summary)
Rows are aggregated by year to keep long terms readable.
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | $3,367.72 | $13,665.95 | $246,632.28 |
| 2 | $3,557.69 | $13,475.98 | $243,074.59 |
| 3 | $3,758.37 | $13,275.30 | $239,316.22 |
| 4 | $3,970.37 | $13,063.30 | $235,345.84 |
| 5 | $4,194.33 | $12,839.34 | $231,151.51 |
| 6 | $4,430.93 | $12,602.74 | $226,720.58 |
| 7 | $4,680.87 | $12,352.80 | $222,039.72 |
| 8 | $4,944.90 | $12,088.77 | $217,094.81 |
| 9 | $5,223.83 | $11,809.84 | $211,870.98 |
| 10 | $5,518.50 | $11,515.17 | $206,352.48 |
| 11 | $5,829.79 | $11,203.88 | $200,522.69 |
| 12 | $6,158.63 | $10,875.04 | $194,364.06 |
| 13 | $6,506.03 | $10,527.64 | $187,858.03 |
| 14 | $6,873.02 | $10,160.65 | $180,985.01 |
| 15 | $7,260.71 | $9,772.96 | $173,724.30 |
| 16 | $7,670.27 | $9,363.40 | $166,054.03 |
| 17 | $8,102.94 | $8,930.73 | $157,951.09 |
| 18 | $8,560.01 | $8,473.66 | $149,391.08 |
| 19 | $9,042.86 | $7,990.81 | $140,348.23 |
| 20 | $9,552.95 | $7,480.72 | $130,795.28 |
| 21 | $10,091.81 | $6,941.86 | $120,703.47 |
| 22 | $10,661.06 | $6,372.61 | $110,042.41 |
| 23 | $11,262.43 | $5,771.24 | $98,779.98 |
| 24 | $11,897.72 | $5,135.95 | $86,882.26 |
| 25 | $12,568.85 | $4,464.82 | $74,313.41 |
| 26 | $13,277.83 | $3,755.84 | $61,035.58 |
| 27 | $14,026.80 | $3,006.87 | $47,008.78 |
| 28 | $14,818.02 | $2,215.65 | $32,190.76 |
| 29 | $15,653.88 | $1,379.79 | $16,536.88 |
| 30 | $16,536.88 | $496.79 | $0.00 |
Calculate the monthly payment, total interest and full amortization schedule for any loan or mortgage. Enter the amount, interest rate and term to see instant results and how each payment splits between principal and interest.
Frequently asked questions
How is a monthly loan payment calculated?
It uses the standard amortization formula: the monthly payment is based on the loan amount, the monthly interest rate (annual rate ÷ 12) and the number of payments (years × 12). Enter your figures above to see it worked out.
What is an amortization schedule?
It is a breakdown of every payment over the life of the loan, showing how much goes to interest versus principal and the remaining balance. Early payments are mostly interest; later ones mostly principal.
Can I use this for a mortgage?
Yes. The same math applies to mortgages, car loans and personal loans — just enter the loan amount, annual interest rate and term in years.