Loan Calculator
Calculate your monthly loan payments, total interest, and view an amortization schedule.
Loan Details
This Loan Calculator lets you enter the loan amount, interest rate, and term to see payments instantly.
Monthly Payment
$0.00
Total Interest
$0.00
Total Payment
$0.00
Amortization Schedule
Detailed breakdown of your loan payments over time.
| Month | Payment | Principal | Interest | Remaining Balance |
|---|
Tips for Managing Your Loan
- Increase Down Payment: A larger down payment reduces your loan amount and can help you avoid PMI.
- Lower Interest Rate: Even a small reduction in interest rate can save you tens of thousands over the life of the loan. Shop around!
- Shorter Loan Term: A 15-year mortgage typically has a lower interest rate and saves significant interest, but has higher monthly payments.
- Extra Payments: Paying extra principal each month can drastically reduce your total interest paid and shorten your loan term.
- Refinance: Consider refinancing if interest rates drop significantly or your credit score improves.