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Loans Calculators

Monthly payments, amortization schedules, interest costs, and payoff timelines. All 5 tools run entirely in your browser — no sign-up, no data stored.

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Frequently Asked Questions

How is a monthly loan payment calculated?

Using the standard amortization formula: M = P × [r(1+r)^n] / [(1+r)^n - 1], where P is principal, r is monthly interest rate, and n is number of payments.

What is an amortization schedule?

A month-by-month table showing each payment split between principal and interest, plus the remaining balance. Early payments are mostly interest; later payments shift toward principal.

How much interest do extra payments save?

Even small extra payments reduce the principal faster, shortening the loan term and cutting total interest significantly. The extra payment calculator shows the exact savings.

What is the difference between APR and interest rate?

The interest rate is the cost of borrowing the principal. APR (Annual Percentage Rate) includes the interest rate plus fees (origination, points, etc.), giving the true annual cost of the loan.

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