Loan Calculator
Calculate loan payments easily with our free loan calculator. Get instant results for monthly payments, total interest, and overall loan costs.
Loan Calculator
Calculate your monthly loan payments, total payment amount, and total interest.
Loan Summary
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Frequently Asked Questions
How is the monthly payment calculated?
The monthly payment is calculated using the loan amount, annual interest rate, and loan term. We use the standard amortization formula that considers compound interest.
What information do I need to use the calculator?
You need three main pieces of information: the loan amount, annual interest rate (as a percentage), and the loan term in years.
Can I calculate different types of loans?
Yes, this calculator works for various types of loans including mortgages, auto loans, personal loans, and student loans.
How accurate are the calculations?
The calculations are highly accurate and use standard financial formulas. However, actual loan terms may vary based on lender-specific factors.