SIMPLE LOAN CALCULATOR

Loan Payoff Calculator - adjust your loan to what you can pay off

 

Loan Calculator Homepage

Articles:

Types of loans

Debt/income ratio

Debt consolidation

How is the Interest calculated?

Refinancing Your Loan

Collateral - how does it work?


Other language version

Espanol / Spanish

 

Not sure, how much you can borrow or how much you will have to pay monthly for your loan? Our loan calculator allows you to calculate the monthly payment of your loan and to figure out how much the loan will cost you in terms of interest paid to the lender throughout the life of the loan. Irrespective of the kind of your loan (mortgage loan, credit card debt, personal loan, etc.), this calculator will suite your needs.

In the table below enter the amount of your loan, the interest rate and the repayment period. After clicking "Calculate" and getting results, you can also create a payment schedule, showing how much interest you will pay in every single installment.



Enter loan data below
The AMOUNT of your loan:$
Annual INTEREST RATE: %
Repayment period in YEARS:
How many payments per year (usually 12):
RESULTS
Amount per payment:$
Total paid over the life of the loan:$
Total INTEREST paid over the life of the loan:$

(Payment Schedule opens in a new window)

The Loan Calculator has an informative purpose only and it is not connected with any credit offer or any bank. The results provided by the calculator are correct for the standard credit offers (mortgage or personal loans, credit card debts, etc.) which are being payed off with the equal payments.

We also encourage you to read some interesting articles concerning the basics of loans: Types of loans, Debt/income ratio, Debt consolidation, How is the Interest calculated?, Refinancing Your Loan, Collateral - how does it work.

 
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