Loan & Mortgage Calculator
Calculate monthly payments, interest, and amortization for mortgages and personal loans
Amortization Schedule
| # | Payment | Principal | Interest | Taxes/Insurance | Balance |
|---|---|---|---|---|---|
Amortization Schedule
| Year | Contributions | Interest Earned | Balance |
|---|---|---|---|
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1Select Loan Type
Choose Mortgage for home loans (with optional taxes and insurance) or Personal Loan for other fixed-rate loans.
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2Enter Amount
Enter the loan amount or, for mortgage, home price and down payment. Down payment can be in currency or percentage.
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3Set Rate and Term
Enter the annual interest rate and loan term (years or months).
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4Add Taxes and Insurance (Mortgage)
For mortgage, optionally add annual property tax and home insurance to include them in the monthly payment (PITI).
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5Calculate
Click Calculate to see monthly payment, total interest, total cost, and the full amortization schedule.
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6Review Results
Review the summary and use the amortization table to see how each payment splits between principal and interest.
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7Browse Schedule
Use pagination to browse the amortization schedule. Export or copy results if needed for your records.
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8Compare Scenarios
Try different rates or terms to compare scenarios and find a payment that fits your budget.
What does a loan calculator do?
A loan calculator estimates monthly payments, total interest, and the full amortization schedule based on principal, interest rate, and term. It helps you compare loan options and plan your budget.
What is PITI?
PITI stands for Principal, Interest, Taxes, and Insurance. For mortgages, it is the full monthly housing cost. The mortgage tab includes optional property tax and insurance for a realistic estimate.
What is an amortization schedule?
The amortization schedule shows how each payment is split between principal and interest over time. Early payments are mostly interest; later payments are mostly principal. Use it to see payoff progress.
What interest rate should I use?
Rates vary by lender, credit score, and market. Use this calculator to compare scenarios (e.g. 15 vs 30 years) and see how rate changes affect your payment and total cost.
Is my data private?
Yes. All calculations run in your browser. Your numbers are never sent to a server, so your financial data stays private.
Does it support both mortgage and personal loans?
Yes. The calculator supports mortgage mode (with optional taxes and insurance) and personal loan mode. Switch tabs to choose. Results include monthly payment, total interest, total cost, and full amortization table.
How do I calculate a mortgage?
Enter home price and down payment (as amount or percentage). The loan amount is calculated automatically. Then add interest rate, term, and optionally annual property tax and insurance for PITI.
What if I make extra payments?
Extra payments reduce principal faster and shorten the loan term, saving interest. This calculator shows the standard schedule; for extra-payment scenarios, run a new calculation with a lower principal or shorter term.
Are the results accurate?
Results are estimates. Actual offers depend on your credit, lender, and fees (e.g. closing costs, PMI). Use this tool to compare options and budget; get exact numbers from your lender.
Can I use this for car or other loans?
Yes. Use the personal loan tab for auto loans, student loans, or any fixed-term loan with a fixed interest rate. Enter the loan amount, rate, and term to see payments and amortization.
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