Loan & Mortgage Calculator
Free online loan and mortgage calculator. Enter the loan amount, term in years and annual interest rate to get the fixed monthly principal-and-interest payment, total interest and total repaid, plus the first 12 months of the amortization schedule. Useful for mortgages, car and personal loans — calculated locally. MoneyRuns locally
Use this tool
How to use
- Enter the loan amount (in dollars), the term in years and the annual interest rate (e.g. 6.5 for 6.5%).
- Tap Calculate for the monthly payment and totals.
- The schedule below shows principal, interest and remaining balance for the first 12 months.
Frequently asked questions
What kind of loan does this model?
It models a standard fixed-rate amortizing loan with equal monthly payments, the most common structure for mortgages, car loans and personal loans in the US and many markets.
How do I enter the rate?
Enter the annual percentage as a plain number — 6.5 for 6.5% APR. The tool converts it to a monthly rate internally.
Does it include taxes and insurance?
It shows principal and interest only. Property taxes, home insurance and PMI are separate and should be added to your full monthly budget.