Loan Calculator
Calculate loan payments, compare scenarios, and visualize your amortization schedule
Loan Amount
$
Car, personal loan, etc.
Annual Interest Rate
%
APR from lender
Calculation Mode
Loan Term
Years
Months
Calculated Result
$489
Monthly Payment
Loan Amortization Schedule
This chart shows how your loan balance decreases over time and how much interest you pay.
Loan Summary
Monthly Payment
$489
Total Interest
$4,349
Total Payment
$29,349
Loan Term
60 months
Payment Breakdown
Principal Amount:$25,000
Total Interest:$4,349
Total Amount:$29,349
Interest Rate:6.50%
Loan Details
Loan Term:5 years (60 months)
Monthly Interest Rate:0.54%
Interest as % of Total:14.82%
Total Payments:60 payments
Amortization
Early payments consist mostly of interest, while later payments pay down more principal. This is why additional payments early in the loan save the most money.
APR vs Interest Rate
APR includes fees and gives you the true cost of borrowing. Always compare APRs when shopping for loans, not just the interest rate.
Extra Payment Strategy
Making one extra payment per year or adding a small amount monthly can save thousands in interest and years off your loan term.