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Online Loan Calculator
Loan Calculator finds your periodic payment, total interest, and total cost for any loan, with adjustable compounding and payback frequency and a full schedule.
Loan
Payment Every Month ($):1,110.21
Total Payments ($): 133,224.60
Total Interest ($): 33,224.60
Interest
Principal
0 yr
5 yr
10 yr
| months | BEGINNING BALANCE ($) | INTEREST ($) | PRINCIPAL ($) | Balance |
|---|---|---|---|---|
| 1 | 100,000.00 | 500.00 | 610.21 | 99,389.79 |
| 2 | 99,389.79 | 496.95 | 613.26 | 98,776.54 |
| 3 | 98,776.54 | 493.88 | 616.32 | 98,160.22 |
| 4 | 98,160.22 | 490.80 | 619.40 | 97,540.81 |
| 5 | 97,540.81 | 487.70 | 622.50 | 96,918.31 |
| 6 | 96,918.31 | 484.59 | 625.61 | 96,292.70 |
| 7 | 96,292.70 | 481.46 | 628.74 | 95,663.96 |
| 8 | 95,663.96 | 478.32 | 631.89 | 95,032.07 |
| 9 | 95,032.07 | 475.16 | 635.04 | 94,397.03 |
| 10 | 94,397.03 | 471.99 | 638.22 | 93,758.81 |
| 11 | 93,758.81 | 468.79 | 641.41 | 93,117.40 |
| 12 | 93,117.40 | 465.59 | 644.62 | 92,472.78 |
| 13 | 92,472.78 | 462.36 | 647.84 | 91,824.94 |
| 14 | 91,824.94 | 459.12 | 651.08 | 91,173.86 |
| 15 | 91,173.86 | 455.87 | 654.34 | 90,519.52 |
| 16 | 90,519.52 | 452.60 | 657.61 | 89,861.91 |
| 17 | 89,861.91 | 449.31 | 660.90 | 89,201.02 |
| 18 | 89,201.02 | 446.01 | 664.20 | 88,536.82 |
| 19 | 88,536.82 | 442.68 | 667.52 | 87,869.30 |
| 20 | 87,869.30 | 439.35 | 670.86 | 87,198.44 |
| 21 | 87,198.44 | 435.99 | 674.21 | 86,524.23 |
| 22 | 86,524.23 | 432.62 | 677.58 | 85,846.64 |
| 23 | 85,846.64 | 429.23 | 680.97 | 85,165.67 |
| 24 | 85,165.67 | 425.83 | 684.38 | 84,481.29 |
| 25 | 84,481.29 | 422.41 | 687.80 | 83,793.49 |
| 26 | 83,793.49 | 418.97 | 691.24 | 83,102.26 |
| 27 | 83,102.26 | 415.51 | 694.69 | 82,407.56 |
| 28 | 82,407.56 | 412.04 | 698.17 | 81,709.40 |
| 29 | 81,709.40 | 408.55 | 701.66 | 81,007.74 |
| 30 | 81,007.74 | 405.04 | 705.17 | 80,302.57 |
| 31 | 80,302.57 | 401.51 | 708.69 | 79,593.88 |
| 32 | 79,593.88 | 397.97 | 712.24 | 78,881.64 |
| 33 | 78,881.64 | 394.41 | 715.80 | 78,165.85 |
| 34 | 78,165.85 | 390.83 | 719.38 | 77,446.47 |
| 35 | 77,446.47 | 387.23 | 722.97 | 76,723.50 |
| 36 | 76,723.50 | 383.62 | 726.59 | 75,996.91 |
| 37 | 75,996.91 | 379.98 | 730.22 | 75,266.69 |
| 38 | 75,266.69 | 376.33 | 733.87 | 74,532.82 |
| 39 | 74,532.82 | 372.66 | 737.54 | 73,795.28 |
| 40 | 73,795.28 | 368.98 | 741.23 | 73,054.05 |
| 41 | 73,054.05 | 365.27 | 744.93 | 72,309.11 |
| 42 | 72,309.11 | 361.55 | 748.66 | 71,560.46 |
| 43 | 71,560.46 | 357.80 | 752.40 | 70,808.05 |
| 44 | 70,808.05 | 354.04 | 756.16 | 70,051.89 |
| 45 | 70,051.89 | 350.26 | 759.95 | 69,291.94 |
| 46 | 69,291.94 | 346.46 | 763.75 | 68,528.20 |
| 47 | 68,528.20 | 342.64 | 767.56 | 67,760.63 |
| 48 | 67,760.63 | 338.80 | 771.40 | 66,989.23 |
| 49 | 66,989.23 | 334.95 | 775.26 | 66,213.97 |
| 50 | 66,213.97 | 331.07 | 779.14 | 65,434.84 |
| 51 | 65,434.84 | 327.17 | 783.03 | 64,651.81 |
| 52 | 64,651.81 | 323.26 | 786.95 | 63,864.86 |
| 53 | 63,864.86 | 319.32 | 790.88 | 63,073.98 |
| 54 | 63,073.98 | 315.37 | 794.84 | 62,279.14 |
| 55 | 62,279.14 | 311.40 | 798.81 | 61,480.34 |
| 56 | 61,480.34 | 307.40 | 802.80 | 60,677.53 |
| 57 | 60,677.53 | 303.39 | 806.82 | 59,870.71 |
| 58 | 59,870.71 | 299.35 | 810.85 | 59,059.86 |
| 59 | 59,059.86 | 295.30 | 814.91 | 58,244.96 |
| 60 | 58,244.96 | 291.22 | 818.98 | 57,425.98 |
| 61 | 57,425.98 | 287.13 | 823.08 | 56,602.90 |
| 62 | 56,602.90 | 283.01 | 827.19 | 55,775.71 |
| 63 | 55,775.71 | 278.88 | 831.33 | 54,944.39 |
| 64 | 54,944.39 | 274.72 | 835.48 | 54,108.90 |
| 65 | 54,108.90 | 270.54 | 839.66 | 53,269.24 |
| 66 | 53,269.24 | 266.35 | 843.86 | 52,425.38 |
| 67 | 52,425.38 | 262.13 | 848.08 | 51,577.30 |
| 68 | 51,577.30 | 257.89 | 852.32 | 50,724.99 |
| 69 | 50,724.99 | 253.62 | 856.58 | 49,868.41 |
| 70 | 49,868.41 | 249.34 | 860.86 | 49,007.54 |
| 71 | 49,007.54 | 245.04 | 865.17 | 48,142.38 |
| 72 | 48,142.38 | 240.71 | 869.49 | 47,272.88 |
| 73 | 47,272.88 | 236.36 | 873.84 | 46,399.04 |
| 74 | 46,399.04 | 232.00 | 878.21 | 45,520.83 |
| 75 | 45,520.83 | 227.60 | 882.60 | 44,638.23 |
| 76 | 44,638.23 | 223.19 | 887.01 | 43,751.22 |
| 77 | 43,751.22 | 218.76 | 891.45 | 42,859.77 |
| 78 | 42,859.77 | 214.30 | 895.91 | 41,963.86 |
| 79 | 41,963.86 | 209.82 | 900.39 | 41,063.48 |
| 80 | 41,063.48 | 205.32 | 904.89 | 40,158.59 |
| 81 | 40,158.59 | 200.79 | 909.41 | 39,249.18 |
| 82 | 39,249.18 | 196.25 | 913.96 | 38,335.22 |
| 83 | 38,335.22 | 191.68 | 918.53 | 37,416.69 |
| 84 | 37,416.69 | 187.08 | 923.12 | 36,493.57 |
| 85 | 36,493.57 | 182.47 | 927.74 | 35,565.83 |
| 86 | 35,565.83 | 177.83 | 932.38 | 34,633.45 |
| 87 | 34,633.45 | 173.17 | 937.04 | 33,696.42 |
| 88 | 33,696.42 | 168.48 | 941.72 | 32,754.69 |
| 89 | 32,754.69 | 163.77 | 946.43 | 31,808.26 |
| 90 | 31,808.26 | 159.04 | 951.16 | 30,857.10 |
| 91 | 30,857.10 | 154.29 | 955.92 | 29,901.18 |
| 92 | 29,901.18 | 149.51 | 960.70 | 28,940.48 |
| 93 | 28,940.48 | 144.70 | 965.50 | 27,974.98 |
| 94 | 27,974.98 | 139.87 | 970.33 | 27,004.65 |
| 95 | 27,004.65 | 135.02 | 975.18 | 26,029.47 |
| 96 | 26,029.47 | 130.15 | 980.06 | 25,049.41 |
| 97 | 25,049.41 | 125.25 | 984.96 | 24,064.45 |
| 98 | 24,064.45 | 120.32 | 989.88 | 23,074.57 |
| 99 | 23,074.57 | 115.37 | 994.83 | 22,079.73 |
| 100 | 22,079.73 | 110.40 | 999.81 | 21,079.93 |
| 101 | 21,079.93 | 105.40 | 1,004.81 | 20,075.12 |
| 102 | 20,075.12 | 100.38 | 1,009.83 | 19,065.29 |
| 103 | 19,065.29 | 95.33 | 1,014.88 | 18,050.41 |
| 104 | 18,050.41 | 90.25 | 1,019.95 | 17,030.46 |
| 105 | 17,030.46 | 85.15 | 1,025.05 | 16,005.41 |
| 106 | 16,005.41 | 80.03 | 1,030.18 | 14,975.23 |
| 107 | 14,975.23 | 74.88 | 1,035.33 | 13,939.90 |
| 108 | 13,939.90 | 69.70 | 1,040.51 | 12,899.40 |
| 109 | 12,899.40 | 64.50 | 1,045.71 | 11,853.69 |
| 110 | 11,853.69 | 59.27 | 1,050.94 | 10,802.75 |
| 111 | 10,802.75 | 54.01 | 1,056.19 | 9,746.56 |
| 112 | 9,746.56 | 48.73 | 1,061.47 | 8,685.09 |
| 113 | 8,685.09 | 43.43 | 1,066.78 | 7,618.31 |
| 114 | 7,618.31 | 38.09 | 1,072.11 | 6,546.20 |
| 115 | 6,546.20 | 32.73 | 1,077.47 | 5,468.72 |
| 116 | 5,468.72 | 27.34 | 1,082.86 | 4,385.86 |
| 117 | 4,385.86 | 21.93 | 1,088.28 | 3,297.58 |
| 118 | 3,297.58 | 16.49 | 1,093.72 | 2,203.87 |
| 119 | 2,203.87 | 11.02 | 1,099.19 | 1,104.68 |
| 120 | 1,104.68 | 5.52 | 1,104.68 | 0.00 |
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What Is This Tool?
The Loan Calculator works out the cost of borrowing. Enter the loan amount, interest rate, and term in years and months, and it returns your periodic payment along with the total of all payments and the total interest. Options let you set how often interest compounds and how often you pay it back. A donut chart splits principal from interest, a line chart tracks the balance over time, and a full amortization schedule shows every payment. The result can be downloaded as a PDF.
How to Use This Tool?
- Enter the loan amount, interest rate, and term.
- Choose the compounding and payback frequencies if needed.
- Click Calculate to see the payment and totals.
- Open the schedule or download a PDF if you'd like.
Key Features
- Calculates the periodic payment, total payments, and total interest.
- Supports adjustable compounding frequency, from daily to continuous.
- Supports adjustable payback frequency, from daily to yearly.
- Shows a principal-versus-interest donut and a balance-over-time chart.
- Generates a full amortization schedule and a PDF download.
Examples
- A $100,000 loan at 6% over 10 years has a $1,110.21 monthly payment.
- Total payments come to $133,224.60.
- Of that, $33,224.60 is interest.
- That's a roughly 75% principal, 25% interest split.
Common Use Cases
- Estimating payments on a personal or business loan.
- Comparing how term length changes total interest.
- Seeing the effect of different compounding frequencies.
- Planning a repayment schedule period by period.
- Understanding how much of a loan is interest versus principal.
Tips & Best Practices
- Match the payback frequency to how you'll actually repay the loan.
- Use the schedule to see how early payments are mostly interest.
- Shorten the term to cut total interest, accepting higher payments.
- Check the compounding option, as it affects the effective rate.
- Enter the term in both years and months for precise totals.
Limitations
- Results assume a fixed rate and equal scheduled payments.
- Fees, insurance, and other charges are not included.
- Actual lender terms and rounding may differ slightly.
- Nothing is saved between sessions — only the current result can be exported as a PDF.
Frequently Asked Questions
- What's the difference between compounding and payback frequency?
- Compounding frequency is how often interest is added to the balance; payback frequency is how often you make a payment.
- Why is so much of an early payment interest?
- Interest is charged on the outstanding balance, which is highest at the start, so early payments are mostly interest.
- How can I reduce the total interest?
- Choose a shorter term or a lower rate; both reduce the interest paid over the life of the loan.
- What does 'continuously' compounding mean?
- It's the theoretical limit of compounding at every instant, giving the highest effective rate for a given nominal rate.
Key Terminology
- Principal
- The amount borrowed, before interest is added.
- Interest
- The cost of borrowing, charged as a percentage of the balance.
- Compounding frequency
- How often interest is added to the outstanding balance.
- Payback frequency
- How often a repayment is made on the loan.
- Amortization
- Paying off a loan through scheduled payments that cover interest and principal.