Explosion Tools

Loan Calculator

Calculate monthly loan payments and view a full amortization schedule.. Free, no signup, works in your browser.

Monthly Payment
$1,580.17
Total Paid
$568,861.22
Total Interest
$318,861.22
Payoff
30y 0m

All calculations happen in your browser. No data is sent to any server.

About Loan Calculator

Calculate your monthly loan payment and view a detailed amortization schedule. Enter the loan amount, annual interest rate, and loan term to see your payment breakdown including total interest paid. The amortization table shows how each payment splits between principal and interest over the life of the loan. Runs entirely in your browser.

Frequently Asked Questions

How is the monthly payment calculated?
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.
What does the amortization schedule show?
It shows each monthly payment broken into principal and interest portions, plus the remaining balance after each payment.
Can I calculate different loan types?
This calculator works for any fixed-rate loan — personal loans, auto loans, student loans, or mortgages. Enter any amount, rate, and term.

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