Math & calculatorsFree
Free loan calculator. Estimate monthly payments, total interest, and payoff time with optional extra payments. Educational use only.
Educational estimate only — not financial advice. Real loans include fees, insurance, taxes, and lender-specific terms.
This tool provides simplified estimates for learning and planning. It is not a loan offer and not financial, legal, or tax advice. Fees, escrow, variable rates, and prepayment rules can change real payments.
Using the standard amortizing loan formula with monthly compounding of the annual rate.
No. It estimates principal and interest only unless you fold other costs into the loan amount yourself.
Extra monthly amounts reduce principal faster and can shorten the payoff schedule.
No. It is an educational estimate. Confirm numbers with your lender.