💰 Loan Calculator
Calculate monthly payments, total interest, and payment schedule for loans, mortgages, and financing options.
Formula: M = P[r(1 + r)
n
] / [(1 + r)
n
- 1] where M = Monthly Payment, P = Principal, r = Monthly Interest Rate, n = Number of Payments
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Loan Inputs
Loan Type
Mortgage
Personal Loan
Auto Loan
Student Loan
Custom
Loan Amount ($)
Total amount you want to borrow
Interest Rate (%)
Annual interest rate
Loan Term (years)
Duration of the loan
Down Payment ($)
Amount paid upfront (for mortgages/auto loans)
Extra Monthly Payment ($)
Additional principal payment each month
Annual Property Tax ($)
For mortgages (optional)
Annual Insurance ($)
For mortgages (optional)
Calculate Loan
Results
Enter loan details above to calculate payment schedule and total costs.
Quick Loan Tips:
• Shop around for best rates
• Consider shorter terms
• Make extra payments
• Check credit score
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