new ways to calculate

Visual Loan Calculator

Adjust the orange 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.


This simulation calculates compound interest only. It does not account for taxes, fees, or any other costs, benefits, or risks. Interest is compounded yearly.

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