Loan Calculator
Calculate monthly payments and view full amortization schedules for any loan
How to Use Loan Calculator
- 1 Enter your loan amount (principal)
- 2 Set the annual interest rate
- 3 Choose the loan term in years
- 4 View your monthly payment and total interest instantly
- 5 Download the amortization table as PDF
What You Get
Full-featured loan calculator with real-time monthly payment calculation, complete amortization schedule showing principal vs interest breakdown for each month, total interest paid, and payoff date. Export your schedule as PDF.
Input: $250,000 at 6.5% for 30 years
Output: Monthly payment: $1,580.17 | Total interest: $318,861
Input: $30,000 at 5% for 5 years
Output: Monthly payment: $566.14 | Total interest: $3,968
How much is monthly payment on a 300000 mortgage?
On a $300,000 mortgage at 7% for 30 years, monthly payment is about $1,996. At 6% it drops to $1,799. Use our calculator above for your exact loan amount and rate.
What is amortization and how does it work?
Amortization is how loan payments split between principal and interest. Early payments are mostly interest, later payments pay more principal. An amortization table shows this for every payment.
How much house can I afford with 5000 a month salary?
With $5,000 monthly income, lenders typically approve 28% for housing ($1,400/month). This supports roughly $230,000-$260,000 loan depending on rates. Use our calculator to find your exact range.
15 year vs 30 year mortgage which is better?
A 15-year saves massive interest but has higher payments. Example: $300k at 7% costs $1,996/month for 30yr but $2,696 for 15yr. However 15-year saves $239,000 in total interest.
Is this loan calculator free to use online?
Yes, 100% free, no signup needed. All calculations run in your browser - your financial data never leaves your device. No ads, no tracking.
All calculations happen locally in your browser. Your financial data never leaves your device.