Loan Repayment Calculator

Understanding your loan obligations is key to sound financial planning. Our Loan Repayment Calculator helps you estimate your monthly payments for various types of loans, such as mortgages, auto loans, or personal loans. By providing the loan amount, interest rate, and loan term, you can quickly see your estimated monthly payment, the total principal you'll pay, and the total interest you'll accrue over the life of the loan.

This tool also generates an amortization schedule, which details how each payment is allocated towards principal and interest, and how your loan balance decreases over time. This can be particularly helpful for visualizing the long-term cost of borrowing.

1. Enter Loan Amount ($): Input the total amount of money you are borrowing.
2. Enter Annual Interest Rate (%): Provide the annual interest rate for the loan. For example, if the rate is 5.5%, enter 5.5.
3. Enter Loan Term (Years): Specify the duration of the loan in years (e.g., 5 for an auto loan, 30 for a mortgage).
4. Calculate Repayment: Click the "Calculate Repayment" button.
5. Review Results:
   • The calculator will display your estimated Monthly Payment.
   • It will also show the Total Principal Paid (which should match your loan amount).
   • You'll see the Total Interest Paid over the life of the loan.
   • The Total Amount Paid (principal + interest) will also be displayed.
   • An Amortization Schedule will be generated, showing a breakdown of each payment. You can scroll through this table to see details for every payment period.
6. Adjust and Re-calculate: Feel free to change any input values and click "Calculate Repayment" again to explore different loan scenarios.