Loan Calculator
Calculate your monthly payment, total interest and see a full amortization schedule for any loan.
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Total Interest
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Interest %
Payment Breakdown
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How to Use the Loan Calculator
Enter your loan amount, annual interest rate and term on loancalcfree.com. The calculator uses the standard PMT formula to compute your exact monthly payment and shows how much goes to principal versus interest each month.
What is an Amortization Schedule?
An amortization schedule shows every payment over the life of your loan, breaking each down into principal and interest. Early payments are mostly interest; later payments go mostly to principal.