Loan Calculator

Calculate monthly loan payments and total interest quickly.

years months

Results:

Payment Every Month
Total of 120 Payments
Total Interest
■ Principal ■ Interest

Deferred Payment Loan: Paying Back a Lump Sum Due at Maturity

years months

Results:

Amount Due at Loan Maturity
Total Interest
■ Principal ■ Interest

How to Use Loan Calculator?

Input the total loan amount, interest rate, and loan term into CalcMate's loan calculator. Change the inputs to see how total interest and monthly payments are affected. Get instant results for better confidence planning your finances. Great for home, auto or personal loans.

FAQ

What is a loan calculator?

A loan calculator helps you to estimate the monthly payments and total interest associated with personal loans or mortgage loans. You just need to provide your loan amount, interest rate, term, and they will provide a repayment schedule.

How do I calculate loan payments?

To calculate loan payments, enter the loan amount, annual interest rate, and repayment term in our loan payment calculator. The calculator provides your monthly payment and total cost instantaneously with no further action needed.

Is this calculator accurate?

The provided results are accurate for standard loans. They may differ for other types of loans.

Can I use a loan calculator for a mortgage?

Indeed. Our mortgage loan calculator also calculates monthly payments and interest as well as serves as a home loan calculator. Change the terms to frame an affordable payment plan that fits your budget.

How does interest affect my loan?

Interest affects the overall amount that needs to be repaid, hence increasing the total cost of your loan. Check how different interest rates impact your monthly payment through our loan interest calculator.