new ways to calculate

Visual Loan Calculator

Enter values or drag the knobs to:

  1. Set the interest rate you expect on the loan. [Mortgage rates...] [Federal student loans...]
  2. Adjust the loan amount and duration to see what your monthly payment would be.

Save or share your custom scenario pictured above:

Notes

This simulation calculates compound interest with monthly recurring payments. It does not account for taxes, fees, or any other costs, benefits, or risks.

The "Remaining" amount should stay at zero except for unusual cases such as balloon loans.

Interest rates shown are annual rates.

Full precision is used internally, but displayed values are rounded to the nearest $1.

Math Easel > Visual Calculators > Visual Loan Calculator