This tool calculates the monthly payment, total interest, and full amortization schedule for any fixed-rate loan. Enter the loan amount, annual interest rate, and term in years or months, and it computes how much you'll pay each month and how the balance is paid down over time.

It works for any kind of installment loan: auto loans, personal loans, student loans, small business loans, and most fixed-rate mortgages. The amortization schedule reveals exactly how much of each payment goes toward interest versus principal — useful for comparing loan offers, deciding whether to make extra payments, and understanding the true cost of borrowing.

Run multiple scenarios side by side to compare different terms, rates, or loan amounts before committing to a lender.