Advanced Loan Calculator

Advanced Loan Calculator

Calculate loan payments, interest, and amortization with detailed analysis

💰 Loan Calculator

Calculate monthly payments and total loan costs

PMT = P × [r(1 + r)ⁿ] / [(1 + r)ⁿ - 1]

📊 Loan Results

Monthly payment and total cost breakdown

Enter loan details and click calculate to see results

📈 Payment Breakdown

Principal vs Interest over time

🌐 3D Loan Analysis

Interactive 3D visualization of loan components

Use mouse to rotate and zoom

📅 Amortization Schedule

🔀 Loan Scenarios

Compare different loan options and terms

Loan Calculator Guide

Understanding loan payments, interest, and amortization schedules

A loan calculator helps you understand the true cost of borrowing money and plan your finances accordingly. The monthly payment formula considers the principal amount, interest rate, and loan term to determine your regular payment amount. Understanding how loans work can save you thousands of dollars over the life of your loan.

Monthly Payment

Fixed amount you pay each month, including principal and interest components

Total Interest

Total amount paid in interest over the life of the loan beyond the principal

Amortization

Schedule showing how each payment is split between principal and interest

Early Payoff

Extra payments can significantly reduce total interest and loan term

The payment formula PMT = P × [r(1 + r)ⁿ] / [(1 + r)ⁿ - 1] calculates your monthly payment, where P is principal, r is monthly interest rate, and n is total number of payments. Understanding this helps you make informed decisions about loan terms and down payments.

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