How it works
- 1Enter the loan principal.
- 2Enter the interest rate and choose whether it is monthly or annual.
- 3Enter the term in months or years, then calculate the payment and amortization schedule.
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BROWSER · Local JavaScript amortization
I need to calculate Loan Payment
Loan Payment Calculator
Calculate loan payments from principal, interest rate and term. See monthly payment, total interest, total repayment and an amortization schedule locally in your browser.
✓ Monthly payment calculation✓ Total principal, interest and repayment totals✓ Full amortization schedule
Monthly payment
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Principal
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Total interest
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Total repayment
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Amortization schedule
| Period | Payment | Principal | Interest | Remaining balance |
|---|
Fixed-payment estimate. Fees, taxes, insurance and lender-specific rules are not included.
About this tool
A free browser-based loan calculator that computes monthly payments, total interest, total repayment and a full amortization schedule from principal, rate and term.
Common uses
loan calculatormonthly payment calculatorinterest calculatoramortization calculator
Frequently asked questions
How is the monthly loan payment calculated?
The tool uses the standard fixed-payment amortization formula. For a zero interest rate it divides principal equally across the selected term.
Does the calculation happen on a server?
No. All loan calculations run locally in your browser.
Can I use a monthly interest rate?
Yes. You can choose monthly or annual interest rate input.