Loan Repayment Calculator
Calculate your loan repayments and view your complete amortization schedule
Loan Details
Loan Summary
Monthly Payment
$0.00
Total Payments
$0.00
Total Interest
$0.00
Number of Payments
0
Balloon Payment
$0.00
Interest-to-Principal Ratio
0%
Payment Breakdown
Payment Distribution
Loan Insights
Amortization Schedule
| # | Payment Date | Payment Amount | Principal | Interest | Balance |
|---|
Enter your loan details
Fill out the form and click "Calculate Loan" to see your repayment plan.
How to Use This Calculator
Input Fields Explained
Loan Amount ($)
The total amount you are borrowing.
Interest Rate (% per year)
The annual interest rate of the loan. For example, enter 5 for 5%.
Loan Term
The duration of the loan, specified in either years or months.
Payment Frequency
How often you'll make payments. Choose from monthly, bi-weekly, or weekly.
Loan Type
Select between a fixed-rate loan (constant interest rate) or variable-rate loan (interest rate that changes over time).
Balloon Payment
An optional larger payment due at the end of the loan term. Enable this option if your loan includes a balloon payment.
Understanding Results
Loan Summary
Shows your regular payment amount, total payments over the life of the loan, total interest paid, and number of payments.
Payment Chart
Visual representation of how your payments are distributed between principal and interest over time.
Payment Breakdown
Shows the percentage and amount of your payments going toward principal and interest, with insights about your loan.
Amortization Schedule
A detailed table showing each payment throughout the life of the loan, including how much goes to principal and interest, and your remaining balance.
Downloading Data
You can download the complete amortization schedule as a CSV file for further analysis in spreadsheet applications.
Tips for Using the Calculator
- Compare different scenarios by changing the loan amount, term, or interest rate.
- See how making extra payments could affect your loan by adjusting the principal.
- Use the variable rate option to estimate how potential interest rate changes could impact your payments.
- Filter the amortization schedule by year to focus on specific periods of your loan.
- The balloon payment option allows you to calculate loans that have a large final payment.
Financial Terms Glossary
Principal
The original sum of money borrowed.
Interest
The cost of borrowing money, usually expressed as an annual percentage.
Amortization
The process of paying off a debt with regular payments over time.
Balloon Payment
A large payment due at the end of a loan term.
Fixed Rate
An interest rate that remains constant throughout the loan term.
Variable Rate
An interest rate that fluctuates based on market conditions.