🏦 Loan Calculator

Understanding repayment structures will help you save money:

• Fixed Payment (Amortized): You pay the exact same amount every month. Early payments are mostly interest; later payments are mostly principal. Best for predictable budgeting.
• Fixed Principal: You pay a fixed amount of the principal each month, plus interest on the remaining balance. Your monthly payment decreases over time. Under the same conditions, this results in the lowest overall interest paid.
• Interest Only (Bullet): You only pay interest each month. The entire principal sum remains due at the very end of the loan term. This results in the highest overall interest paid.

Our online loan calculator allows you to instantly generate an exact monthly payment schedule (amortization schedule). More importantly, it automatically compares all three repayment methods and shows you exactly how much money you can save in interest by choosing one structure over another.

Yes. Simply adjust the Loan Amount, Annual Interest Rate, and Loan Term (in years). The underlying math applies perfectly to mortgages, auto loans, personal loans, and student loans.