Loan Calculator

Calculate your monthly payments, amortization schedule, and total loan cost.

Loan Details

$0$500K$5M
0.1%10%20%
1 year20 years40 years
0%20%50%

$20,000 down payment

Calculate Your Loan Payments

Enter your loan details to calculate monthly payments, amortization schedule, and total loan cost.

Want a fast and easy way to determine your monthly payments, interest rates, and total cost of a loan?

Our Loan Calculator is here to help you make better decisions with money, by providing an easy reference for all of your loan information, including loan comparison. If you are borrowing money to buy a home, car, or needing finance for your business or for any other borrowings - the Offer Loan Calculator will help you understand your repayments, interest and total costs in a matter of seconds.

Loan Calculator

The Loan Calculator calculator is very easy to use and gives you accurate results including your monthly payment, a way to compare loans, and explaining those repayments to your budget. Input your loan amount, interest rate, loan term and down payment (if applicable) and view a full amortization schedule so you can see exactly what you will be paying back and when!

Why Use Our Loan Calculator?

1.
Instant Monthly Payment Estimates - Enter the details of your loan and see your exact monthly payment including principal and interest.
2.
Complete Loan Cost Clarity - You will understand your total interest charges over the course of your loan and how much your loan will cost overall.
3.
Amortization Schedule Breakdown - You are able to view you repayment on a year-by-year or month-by-month basis.
4.
Intelligent Financial Planning - Show you how your total costs change when you change your down payment or the term of your loan.
5.
Flexible for All Types of Loans - Home Loans, Auto Loans, Personal Loans, Business Financing, and many more!
6.
Accurate & Simple - You do not need to employ a complicated spreadsheet to give you fast and accurate calculations.

How Does the Loan Calculator Work?

Your inputs (loan amount, interest rate, loan term, and down payment) will be entered into the loan calculator to help discover what your monthly payments will be, and what the total cost of the loan is likely to be. The calculator uses the usual standard amortization formulas to show how each payment is allocated to principal and interest, as well as all of the costs you want to include in the loan.

Additionally, you will see visual charts, along with a detailed amortization schedule that identifies how your loan balance decreases over time. The calculator allows you to experiment with numbers, and select the best loan choice for you based on your budget.

Key Features of the Loan Calculator

Adjustable Inputs - Change loan amount, term, interest rate, and down payment with ease.
Monthly & Yearly Views - You can switch variables to show a different Amortization schedule based on monthly or yearly.
Visual Charts - Understand your payments better with visual charts - graphs and pie charts.
Accuracy - Get exact figures for your loan repayment immediately.
Works on Any Device - Access the loan calculator on your desktop, tablet, or mobile.

Advantages of Using a Loan Calculator

Using a Loan Calculator saves you time, removes the guess work and gives you the information you need to make informed decisions before taking on debt. A Loan Calculator will help you:

Compare loan details from several different lenders.
Prepare a more accurate budget.
Limit the amount of financial stress you feel by knowing your repayment commitment.
Make decisions based on facts instead of assumptions about refinancing, paying off a loan early, or changing the term of a loan.

Using our Loan Calculator, you can plan your finances in confidence and only take on necessary debt. Be smarter about borrowing money and plan your loan today. Determine exactly how much the loan will cost you to repay and work out a repayment plan that suits you.

FAQs

A Loan Calculator can be described as a financial tool used to work out your monthly repayments, total interest, and the overall cost of a loan based on the information you provide about your loan.

Our Loan Calculator is based on standard amortization calculations to provide reasonably accurate results, provided you are working with a fixed interest rate and your payments are all consistent.

Yes! Whether it is a mortgage, car loan, personal loan, or business loan, this calculator works with all fixed-rate loans.

To reduce your monthly payments, you can reduce the length of your loan, make a larger down payment, and/or get a lower interest rate.

An amortization schedule is a complete table of details for each monthly payment indicating how much is being paid to principal and interest throughout the length of the loan.

Using a Loan Calculator allocates 100% visibility of your repayment plan, this helps you avoid any financial surprises and helps you choose the best terms for your loan.

Note: This calculator provides estimates only. Actual loan terms may vary based on lender requirements and market conditions.