Loan Calculator
If you’re considering borrowing money and want to understand what your payments might look like before applying, a loan calculator can be an invaluable tool. It helps you estimate your monthly payments, total interest, and the overall cost of the loan.
This loan calculator is designed to help you calculate amortized loans, such as mortgages, auto loans, student loans, and other personal loans. These types of loans are repaid in fixed monthly installments over a set period, with each payment covering both the principal amount and the interest.
By entering the loan amount, loan term, and interest rate in the fields below, you can see a detailed breakdown of your monthly payments, total interest paid, and the Annual Percentage Rate (APR), which represents the total cost of the loan. Click Calculate to view your personalized results.
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