A loan is a contract between a borrower and a lender in which the borrower receives an amount of money (principal) that they are obligated to pay back in the future. Most loans can be categorized into one of three categories:
Use this calculator for basic calculations of common loan types such as mortgages, auto loans, student loans, or personal loans.
This loan calculator lets you model amortized loans (with regular payments), deferred loans, and bonds. It shows payment amounts, total interest paid, and amortization schedules so you can see how much of each payment goes to principal vs. interest.
Use Debt Consolidation Calculator when you need a quick financial estimate, want to compare different inputs, or need a clear result without setting up a spreadsheet.
Enter the values requested in the calculator, run the calculation, and review the result. If the tool offers multiple modes, choose the mode that matches the question you are trying to answer before comparing outputs.
Read the output together with the inputs you entered. Change one input at a time to see which assumptions have the biggest effect, especially for finance, health, tax, or planning calculations.
This calculator is a simplified planning tool. It cannot account for every personal, legal, medical, tax, or financial detail, so use the result as a starting point and verify important decisions with qualified guidance.