Loan Calculator
Calculate fixed loan payments, interest, total cost, and an amortization schedule.
How a fixed-payment loan works
The French amortization system keeps the periodic payment stable, while early payments contain more interest and later payments repay more principal.
Payment = P × r ÷ (1 − (1 + r)^−n)
Principal, interest, and amortization
Principal is the outstanding balance. The schedule separates interest from repaid principal and shows the balance moving toward zero.
Annual rate, monthly rate, and total cost
An annual input is treated as effective and converted to an equivalent monthly rate. Fees are included in total cost, but this estimate is not a lender's actual APR or total borrowing cost; insurance, taxes, and other charges may apply.
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