Loan Calculator

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 total number of payments.

Any fixed-rate loan including mortgages, auto loans, personal loans, and student loans. Enter the loan amount, annual interest rate, and loan term.

A table showing each monthly payment broken down into principal and interest portions, plus the remaining balance after each payment.

Yes! The tool includes a comparison section showing how different interest rates and terms affect your monthly payment and total cost.

The Loan Calculator is an online tool that lets you calculate monthly payments, interest, and amortization schedules. It is part of NexTool's collection of free tools designed to help you work faster and more efficiently.

Using the Loan Calculator is simple: visit the tool page, enter your data or input into the provided fields, and get instant results. Follow the controls on the page. Some functions require sign-in or a paid plan; see Pricing for limits.

The Free plan includes 10 tool uses per day. Some features require an account or a paid plan. Check the controls on the tool page and Pricing for the applicable limits.

The Loan Calculator returns results based on the inputs and the tool methodology. Check assumptions, units and source dates. Treat projections as estimates. For critical decisions, always consult a qualified professional.

Local calculations run in your browser. AI features, accounts, saved reports and external data requests use server services. Check the tool description and privacy policy for the relevant processing and storage.