Loan Calculator
Calculate monthly payments and a year-by-year amortization schedule for any loan: principal, rate, term.
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1,863.93
Monthly payment
197,343.88
Total interest
447,343.88
Total paid
Year
Principal
Interest
Balance
1
6,302.77
16,064.43
243,697.23
2
6,724.87
15,642.32
236,972.36
3
7,175.25
15,191.94
229,797.11
4
7,655.79
14,711.40
222,141.32
5
8,168.51
14,198.68
213,972.80
6
8,715.57
13,651.62
205,257.23
7
9,299.27
13,067.92
195,957.95
8
9,922.06
12,445.13
186,035.89
9
10,586.56
11,780.63
175,449.33
10
11,295.56
11,071.63
164,153.77
11
12,052.05
10,315.15
152,101.72
12
12,859.20
9,508.00
139,242.53
13
13,720.40
8,646.79
125,522.13
14
14,639.28
7,727.91
110,882.85
15
15,619.70
6,747.49
95,263.15
16
16,665.78
5,701.41
78,597.37
17
17,781.92
4,585.28
60,815.45
18
18,972.81
3,394.39
41,842.64
19
20,243.45
2,123.74
21,599.19
20
21,599.19
768.00
0.00
How to use
- 1Set principal, rate, termSliders or direct number entry.
- 2Read the monthly paymentPlus total interest and total paid over the loan.
- 3Inspect the year-by-year schedulePrincipal/interest split per year and remaining balance.
FAQ
What's the formula?
Standard amortizing loan: M = P × r × (1+r)^n / ((1+r)^n − 1), where P is principal, r is monthly rate, n is number of payments.
Does it factor in taxes, insurance, fees?
No — it's a clean principal+interest calculation. Add those separately for a true monthly housing cost.