Loan Calculator
Overview
This Loan Calculator helps you estimate your monthly payments, total interest, and loan payoff duration based on the principal amount, interest rate, and loan term. It’s ideal for homebuyers, car buyers, and anyone budgeting for a loan.
Calculate Your Loan
Results:
Monthly Payment: -
Total Interest Paid: -
Amortization Schedule
| Month | Principal (€) | Interest (€) | Balance (€) |
|---|
How Loan Calculation Works
We use the loan amortization formula:
\( \text{Payment} = P \times \frac{r}{1 - (1 + r)^{-n}} \)
- P: Loan Principal
- r: Monthly Interest Rate (Annual Rate ÷ 12 ÷ 100)
- n: Total Payments (Loan Term × 12)
Example: A €100,000 loan at 5% annual interest for 30 years gives a monthly payment of ~€536.82.
Frequently Asked Questions
How do I calculate my loan payments?
Enter your loan amount, interest rate, and term in years. Click "Calculate" to see your monthly payment and total interest.
What is an amortization schedule?
An amortization schedule shows how each payment is split between principal and interest over time.
Can I use this calculator for mortgage and car loans?
Yes! This tool works for all types of fixed-rate loans, including mortgages, car loans, and personal loans.