Loan Calculator

Calculate Your Loan

Calculation Mode

Calculate Monthly Payment Calculate Loan Payoff Date

Loan Amount ($)

Annual Interest Rate (%)

Loan Term (Years)

One-Time Extra Payment ($)

Loan Start Date

Select a calculation mode, fill in the required fields, and click "Calculate" to see your results.

Calculation Mode: Choose to either calculate your monthly payment based on a loan term, or calculate the loan payoff date based on a desired monthly payment.
Loan Amount: The total amount of money you are borrowing or your current loan balance.
Annual Interest Rate: The yearly interest rate for the loan. Enter it as a number not a decimal (e.g., 3.5 for 3.5%).
Loan Term (Years): The number of years you have to repay the loan.
Desired Monthly Payment: The amount you want to pay each month (used for calculating the payoff date).
Loan Start Date: The date your loan payments will begin. Hint: You can use today's date for existing loans.
One-Time Extra Payment: An optional, additional one-time payment you want to make upfront to see potential savings. The calculator assumes that the additional one-time payment is being made today.