Switch between mortgage, auto, personal loan, refinance and affordability. Add extra payments, see your full amortization schedule and a plain-language analysis — instantly, no account needed.
Mortgage, auto, personal, refinance or affordability — choose the tab that fits.
Amount, term and rate update your result instantly as you adjust them.
See your monthly payment, total interest, payoff date and full schedule.
Adjust the sliders above to see a plain-language breakdown of your loan.
| Month | Payment | Principal | Interest | Balance |
|---|
Your payment is calculated using the standard amortization formula, based on your loan amount, interest rate (APR) and loan term. Each month a portion goes to interest and the rest reduces your principal.
The interest rate is the cost of borrowing the principal. APR includes the interest rate plus certain lender fees, giving you a more complete picture of the loan's true yearly cost.
Yes — extra payments go directly toward your principal, which reduces the balance interest is calculated on every month, shortening your loan and cutting total interest paid.
It depends on the gap between your current rate and the new rate, your remaining term, and refinancing closing costs, which typically run 2–5% of the loan amount. Use the Refinance tab above to compare your specific numbers.
A common guideline caps your total monthly debt payments at 36% of gross monthly income. The Affordability tab estimates a loan amount based on your income, existing debt, and chosen rate and term.
| Loan type | Typical term | Typical APR range | Best for | |
|---|---|---|---|---|
| Mortgage | 15–30 years | 5.5% – 7.5% | Buying or refinancing a home | Try it → |
| Auto loan | 3–7 years | 5.5% – 8.5% | Financing a new or used vehicle | Try it → |
| Personal loan | 2–5 years | 9% – 15% | Debt consolidation or one-off expenses | Try it → |
| Refinance | Matches remaining term | Varies by lender | Lowering an existing rate or payment | Try it → |
Here is today’s snapshot of average loan rates. Plug any of these into the calculator to estimate your own monthly payment.
| 30-yr mortgage | 6.42% |
| 15-yr mortgage | 5.72% |
| Auto loan | 6.93% |
| Personal loan | 11.15% |
Rates are indicative national averages and will differ by lender, credit profile, and loan size.