Enter loan amount, interest rate, and term to calculate monthly payments.
| Month | Payment | Principal | Interest | Balance |
|---|
Equal Installments: The combined principal and interest payment is the same each month. This is the most common repayment method.
Equal Principal: The principal payment is the same each month, while interest decreases as the balance goes down. Higher initial payments but less total interest.
Balloon Payment: Only interest is paid during the loan term, with the full principal repaid at maturity.
Calculate monthly payments and total interest for your loan. Supports equal installments, equal principal, and balloon payment.
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Yes, all tools are fully responsive and work on smartphones, tablets, and desktops.