Free Loan Calculator
Free Loan Tool
Loan Calculator
Estimate the monthly payment, total interest and payoff cost on any loan — auto, personal or student. Free, no signup.
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Kill the debt sooner
Loan Payoff Calculator
An amortization spreadsheet that shows your full payoff schedule and how extra payments cut months and interest off any loan.
How this loan calculator works
This free loan calculator estimates your monthly payment on any fixed-rate loan using standard amortization. Enter the amount you’re borrowing, the interest rate (APR), the term in months and any down payment, and it shows your monthly payment plus the total interest you’ll pay.
What affects my monthly payment?
Three things: the amount financed (loan minus down payment), the interest rate, and the term. A longer term lowers the monthly payment but increases total interest — a shorter term costs more each month but far less overall.
Auto, personal or student loan?
This calculator works for any fixed-rate installment loan. For a car, enter the price minus your down payment and trade-in as the loan amount.
Want to pay it off early?
Extra payments go straight to principal and can save you serious interest. The Loan Payoff Calculator shows your full amortization schedule, and the Debt Payoff Tracker keeps you on plan.