Loan Calculator – Free Online Tool
Calculate monthly loan payments, total interest, payoff time, origination fees, extra payment impact, and amortization CSV for fixed-rate loans.
Free Loan Calculator With Amortization
The Loan Calculator estimates monthly payments, total interest, total paid, and payoff time for fixed-rate loans. It is useful for personal loans, student loans, installment loans, debt consolidation, and simple financing comparisons.
Compare APR, Term, Fees, and Extra Payments
A loan with a lower monthly payment can still cost more over time. Use the APR, term, origination fee, and extra payment controls to compare the real cost of different loan offers.
Download a Loan Amortization Schedule
Export a month-by-month CSV schedule showing payment, principal, interest, and remaining balance. This makes it easier to review payoff progress or compare scenarios in a spreadsheet.
Beginner-Friendly Loan Planning
The calculator explains the major tradeoffs in plain language, including high APR warnings, payoff time, months saved by extra payments, and total interest cost.
Frequently Asked Questions
Everything you need to know about the Loan Calculator.
What loans does this calculator work for?
It works best for fixed-rate loans such as personal loans, student loans, installment loans, debt consolidation loans, and simple financing offers.
Does the loan calculator include fees?
Yes. You can add an origination fee percentage and include it in the financed amount.
Can I calculate extra payments?
Yes. Add an extra monthly payment to estimate faster payoff and months saved.
Can I download the amortization schedule?
Yes. The tool exports a CSV file with month, payment, principal, interest, and balance.
Is this financial advice?
No. It is an estimate for planning and comparison. Confirm exact terms with your lender.