Loan Calculator
Calculate your loan payments and total borrowing costs.
Compare different loan scenarios and understand how interest rates, loan terms, and payment frequency affect your repayment.
Monthly Payment
$0.00
Total Payment
$0.00
Total Interest
$0.00
Visualizations
Payment Breakdown
Loan Balance Over Time
Understanding Loan Terms
Principal Amount
The amount you borrow
Interest Rate
Annual cost of borrowing
Loan Term
Duration of the loan
Borrowing Tips
- • Compare multiple lenders
- • Check for prepayment penalties
- • Consider shorter loan terms
- • Make extra payments when possible
- • Watch for hidden fees
- • Maintain good credit score