Calculate loan payments, view amortization schedules, and get AI-powered financial insights. Make informed borrowing decisions with our smart calculator.
Smart Loan Analysis
Enter your loan details to get:
Enter your loan details below to calculate monthly payments and view complete loan analysis.
AI is analyzing your loan...
| Payment # | Payment Date | Payment Amount | Principal | Interest | Total Interest | Balance |
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Accurate loan calculations with multiple payment frequencies and comprehensive amortization schedules.
Interactive charts and graphs to help you visualize your loan balance, interest payments, and amortization over time.
Get personalized financial advice and insights powered by AI to make better borrowing decisions.
The monthly payment is calculated using the loan amortization formula: P = (r * PV) / (1 - (1 + r)^-n), where P is the monthly payment, r is the monthly interest rate, PV is the loan amount, and n is the total number of payments. Our calculator handles different payment frequencies automatically.
An amortization schedule is a complete table of periodic loan payments, showing the amount of principal and the amount of interest that comprise each payment until the loan is paid off at the end of its term. It helps you understand how much of your payment goes toward interest versus principal over time.
Making more frequent payments (bi-weekly or weekly) can help you pay off your loan faster and save on interest. For example, bi-weekly payments result in 26 half-payments per year, which is equivalent to 13 full monthly payments - effectively making one extra monthly payment each year.
The interest rate is the cost of borrowing the principal loan amount. APR (Annual Percentage Rate) includes the interest rate plus other fees or charges associated with the loan, giving you a more complete picture of the total cost. Our calculator shows both for comprehensive comparison.
Input your loan amount, interest rate, loan term, and select payment frequency. Use the sliders for quick adjustments or type exact values.
Press the button and our AI will instantly calculate your monthly payments, total interest, and generate a complete amortization schedule.
Review the summary cards, view the amortization schedule, analyze charts, and get AI-powered insights and smart tips for your loan.
Export the amortization schedule to Excel for further analysis or record-keeping. Use the insights to make informed financial decisions.
Try different payment frequencies to see how much interest you can save. Bi-weekly payments often result in significant savings over the life of the loan.