About
Our Mission
We provide free, accurate loan payment calculators to help people understand their financing options. Whether you're buying a home, car, or considering a personal loan, our tools give you instant, trustworthy calculations.
Our Calculators
We offer calculators for mortgages, auto loans, personal loans, amortization schedules, and extra payment scenarios. Each calculator:
- Uses standard financial formulas (amortization)
- Provides detailed payment breakdowns
- Shows principal vs. interest over time
- Includes downloadable CSV schedules
- Updates instantly as you adjust parameters
Our Methodology
All calculations use the standard amortization formula:
Where:
- M = Monthly payment
- P = Principal (loan amount)
- r = Monthly interest rate (annual rate / 12 / 100)
- n = Total number of payments (years × 12)
We assume fixed interest rates, monthly compounding, and equal monthly payments. Results are rounded to the nearest cent.
Accuracy & Limitations
Our calculators are accurate for informational purposes but do not constitute financial advice. Actual loan terms depend on:
- Lender-specific fees and closing costs
- Your credit score and financial profile
- Current market rates (which change daily)
- Additional charges (insurance, taxes, PMI, etc.)
Always consult with qualified financial professionals before making lending decisions.
Privacy & Data
All calculations are performed in your browser. We don't collect, store, or share any calculation data you enter. See our Privacy Policy for details.
Contact Us
Have questions or feedback? Visit our Contact page.