Free Tiny Tools

Loan Calculator

Calculate loan payments, interest, and amortization schedules.

Loan Details

Loan Amount

Annual Interest Rate (%)

Loan Term

Enter loan details to calculate payments

How to Use the Loan Calculator

Calculate your monthly loan payments and total interest with our easy-to-use loan calculator.

Enter the loan amount (principal)
Enter the annual interest rate as a percentage
Enter the loan term in years or months
View your monthly payment, total payment, and total interest

Types of Loans

This calculator works for various types of loans:

Mortgage: Home loans with terms typically 15-30 years
Auto Loans: Vehicle financing typically 3-7 years
Personal Loans: Unsecured loans for various purposes
Student Loans: Education financing with various terms

Understanding Interest Rates

Interest rates vary based on several factors:

Fixed Rate: Interest rate stays the same for the entire loan term
Variable Rate: Interest rate can change over time based on market conditions
Credit Score: Better credit scores typically result in lower interest rates
Always shop around and compare rates from multiple lenders

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