Loan Calculator
Calculate your monthly loan payments, total interest, and amortization schedule.
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What is this tool?
A Loan Calculator is a financial tool that helps you calculate monthly loan payments, total interest, and the complete cost of a loan. It uses the loan amount, interest rate, and loan term to provide detailed payment breakdowns and amortization schedules, helping you make informed borrowing decisions.
How to use this tool?
1. Enter the loan amount (principal) you want to borrow
2. Input the annual interest rate (APR)
3. Select the loan term (number of years or months)
4. Choose payment frequency (monthly, bi-weekly, etc.)
5. Click "Calculate" to see your monthly payment
6. Review the amortization schedule showing principal and interest breakdown
7. See total interest paid over the life of the loan