Calculate your monthly loan payments, total interest, and view a complete amortization breakdown. Perfect for mortgages, auto loans, and personal loans.
Monthly Payment
$1,980
Total Payment
$118,807
Total Interest
$18,807
Loan payments are calculated using the standard amortization formula. The monthly payment remains constant throughout the loan term, but the proportion going toward principal vs. interest changes over time. Early payments are mostly interest, while later payments primarily reduce the principal.
Understanding your loan payment breakdown helps you make informed decisions about extra payments and refinancing. Our calculator shows both the payment breakdown pie chart and yearly amortization schedule to visualize how your loan balance decreases over time.