Loan Calculator " news version
🌙 Dark Mode
💰 Loan Calculator
Calculate your monthly payments, total interest, and view complete amortization schedule
📋 How to Use:
1. Enter your loan amount (principal)
2. Input the annual interest rate (in percentage)
3. Specify the loan term (in years)
4. Click "Calculate" to see your monthly payment and total interest
$
Please enter a valid loan amount
%
Please enter a valid interest rate
Years
Please enter a valid loan term
📊 Your Loan Summary
Monthly Payment
$0
Total Payment
$0
Total Interest
$0
📈 Amortization Schedule
| Payment # | Payment Amount | Principal | Interest | Balance |
|---|
🔢 Calculation Formula
Monthly Payment Formula:
M = P × [r(1 + r)ⁿ] / [(1 + r)ⁿ - 1]
Where:
M = Monthly Payment | P = Principal (Loan Amount) | r = Monthly Interest Rate | n = Number of Payments
