Can I use this for business loans?

Yes, the calculator works for any loan type including personal, auto, and mortgage loans.

Can I calculate monthly payments for different loan amounts?

Yes, adjust the loan amount slider to see how different loan amounts affect your monthly payment.

Can I calculate monthly payments for a mortgage?

Yes, enter loan amount, interest rate, and term length to calculate monthly payments.

Loans & MortgagesTool Review

Loan Calculator

Provided byBankrate Calculatorsbankrate.com

General-purpose loan calculator for any loan type — computes payment, interest, and amortisation.

One of 4 options for Loan Calculator

Use This Tool

Finance calculator free Debt management calculators interest calculator loan calculator amortization monthly payment calculators loans

Screenshot of Loan Calculator on Bankrate Calculators — bankrate.comOpen the live tool →

About this tool

What Loan Calculator does

A comprehensive loan calculator that handles principal, interest, and amortization schedules. Users input loan amount, interest rate, and term to calculate monthly payments, total interest paid, and total cost of borrowing. The tool supports various loan types including mortgages, auto loans, and personal loans, with options to adjust payment frequency and extra payment scenarios. Includes amortization schedule breakdown showing principal vs. interest allocation over time.

Step by step

How to use the Bankrate Calculators Loan Calculator

1
Enter loan amount, interest rate, and term length
2
View monthly payment breakdown and total interest paid
3
Compare different loan scenarios side-by-side

Is it right for you

Best for

Homebuyers, car buyers, and anyone comparing loan options who needs to understand monthly payments, total interest costs, and amortization schedules.

Limitations

May not account for all local lending regulations
Does not include property tax or insurance in calculations

Questions

Loan Calculator FAQ

Can I use this for business loans?: Yes, the calculator works for any loan type including personal, auto, and mortgage loans.
Can I calculate monthly payments for different loan amounts?: Yes, adjust the loan amount slider to see how different loan amounts affect your monthly payment.
Can I calculate monthly payments for a mortgage?: Yes, enter loan amount, interest rate, and term length to calculate monthly payments.

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