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 it for personal loans, auto loans, student loans, or any other installment debt to compare different terms and find a payment plan that fits your budget.
Enter your information in the fields above, run the calculation, and review the result to understand what it means for your situation.
Look at the output in the context of your overall goals rather than in isolation. Consider how sensitive the result is to changes in your inputs (for example, adjusting the amount, rate, or time) to understand which factors matter most.
This tool is a simplified model and does not capture every nuance of real life. Treat it as a planning aid, not a guarantee. For important financial or health decisions, combine these results with professional advice and more detailed analysis.