Free Loan Calculator Online

Calculate loan payments, generate amortization schedules, check affordability, and compare refinance options. Free, instant, no registration required.

💰Monthly PaymentCalculate your monthly mortgage or loan payment based on loan amount, interest rate, and term.📅Amortization ScheduleSee a full year-by-year amortization schedule showing principal, interest, and remaining balance.🏠Loan AffordabilityFind out the maximum loan amount you can afford based on your monthly budget and interest rate.🔄Refinance ComparisonCompare your current loan with a refinanced loan to see total savings and break-even point.

How to Use the Loan Calculator

Our loan calculator covers all common loan scenarios. Use the Monthly Payment calculator to find your exact payment, the Amortization Schedule to see how your loan is paid off year by year, the Affordability calculator to find the maximum you can borrow, and the Refinance Comparison to decide whether switching loans saves you money.

All calculations use the standard loan payment formula: M = P[r(1+r)^n]/[(1+r)^n-1], where P is the principal, r is the monthly interest rate, and n is the number of payments.