LoanLab
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Loan & mortgage
calculators

Estimate the monthly payment, see a full amortization schedule, and compare loan options — in seconds, in your browser.

No data storedInstant resultsAmortization table

How the amortized-loan maths works

Every fixed-rate loan here uses the same formula:M = P · r · (1+r)^n / ((1+r)^n − 1), where P is the amount borrowed, r is the monthly rate (APR ÷ 12), and n is the number of monthly payments. Your payment stays level, but its makeup shifts: early on most of it is interest, because interest is charged on the whole outstanding balance; near the end almost all of it is principal. That is why an extra payment made early — which goes entirely to principal — saves far more interest than the same payment made years later. See how amortization works for a worked example.

Frequently asked questions

How accurate are these loan calculators?
They use the standard amortized-loan formula that every lender uses, so principal-and-interest figures match a lender quote closely. Differences come from rounding, the exact day count a lender uses, and fees folded into APR. The mortgage tool also estimates PMI at 0.5%/year while your loan-to-value is above 80%.
Is anything I enter uploaded or saved?
No. Every calculator runs entirely in your browser. Your numbers are never sent to a server. Sharing a result works by encoding the inputs into the page URL, which only happens on your device.
Which calculator do I need?
Buying a home: the mortgage calculator (with the amortization schedule). Already have a mortgage and rates dropped: the refinance calculator and its break-even month. Paying off cards and loans: the debt payoff calculator. Deciding whether to buy at all: rent vs buy.
Do the calculators include taxes and insurance?
The mortgage calculator does — enter your annual property tax, home insurance, and any HOA and it shows the full monthly payment (PITI). The auto loan calculator includes sales tax and trade-in. The others are principal-and-interest, since those loans have no escrow.

For estimation only, not financial advice. Loan terms, rates and fees vary by lender — confirm figures with a licensed professional.