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Loan Calc
Loan & Credit Calculators
Loan Calculator — Updated Live

Know your real monthly payment before you sign anything

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.

Popular calculations
$300K mortgage / 30yr $250K mortgage / 15yr $25K auto loan / 5yr $35K auto loan / 6yr $10K personal loan Refinance $300K What can I afford?
1

Pick a loan type

Mortgage, auto, personal, refinance or affordability — choose the tab that fits.

2

Move the sliders

Amount, term and rate update your result instantly as you adjust them.

3

Read the breakdown

See your monthly payment, total interest, payoff date and full schedule.

Mortgage
Auto Loan
Personal Loan
Refinance
Affordability
Estimated monthly payment
$0
PrincipalInterest
Total interest$0
Total payable$0
Payoff date—

Your result, explained

Adjust the sliders above to see a plain-language breakdown of your loan.

MonthPaymentPrincipalInterestBalance
Estimate only. Actual terms vary by lender, fees, credit profile, and compounding method.

Frequently asked questions

How is my monthly loan payment calculated?

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.

What's the difference between APR and interest rate?

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.

Does paying extra each month really save money?

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.

Is refinancing my loan worth it?

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.

How much loan can I afford?

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.

Compare loan types at a glance

Loan typeTypical termTypical APR rangeBest for
Mortgage15–30 years5.5% – 7.5% Buying or refinancing a home Try it →
Auto loan3–7 years5.5% – 8.5% Financing a new or used vehicle Try it →
Personal loan2–5 years9% – 15% Debt consolidation or one-off expenses Try it →
RefinanceMatches remaining termVaries by lender Lowering an existing rate or payment Try it →
Latest from the blog

How Student Loan Interest Rates Affects Mortgage, Auto & Personal Loan Rates

LOANCALC.COM.TR | FINANCE UPDATEstudent loan interest rates4 sources | Oct 8, 2026📈

What's Happening with Student Loan Interest Rates

Searches for student loan interest rates are trending this week. Here is a roundup of what's driving the conversation and what it means if you are planning to borrow.

  • Student loan borrowers have more time to reduce interest rates. Here's what to know - PBS (PBS — Oct 8)
  • Student Loan Interest Rates: Federal, Private, Refinancing - NerdWallet (NerdWallet — Oct 5)
  • The Fed raised interest rates for the first time in three years. Here's what it changes for UF students with loans - The Independent Florida Alligator (The Independent Florida Alligator — Oct 8)
  • Deadline to reduce your student loan interest rate extended: What to know - The Hill (The Hill — Oct 3)

How This Affects Your Monthly Payment

Even a 0.5% shift in interest rates changes a $300,000 mortgage payment by roughly $90 per month — and compounds significantly over a 30-year term. For auto and personal loans, a 1% rate difference on a $25,000 loan over 5 years adds about $12 to your monthly payment.

The best time to calculate your payment is before you walk into a lender — knowing your number gives you negotiating confidence.

What Should Borrowers Do Now?

If you are shopping for a mortgage, auto loan, or personal loan, the most useful thing you can do right now is model your own scenario. Enter the rate you've been quoted, your loan amount, and preferred term — the calculator will show you monthly payment, total interest, and your exact payoff date instantly.

Calculate your exact monthly payment here →

📈 Try it now: Open the free loan calculator — enter your amount, term and rate. Instant results, no sign-up.
News sources referenced in this article
  • Student loan borrowers have more time to reduce interest rates. Here's what to know - PBS (PBS — Oct 8)
  • Student Loan Interest Rates: Federal, Private, Refinancing - NerdWallet (NerdWallet — Oct 5)
  • The Fed raised interest rates for the first time in three years. Here's what it changes for UF students with loans - The Independent Florida Alligator (The Independent Florida Alligator — Oct 8)
  • Deadline to reduce your student loan interest rate extended: What to know - The Hill (The Hill — Oct 3)

#LoanCalculator #MortgageRates #MonthlyPayment #PersonalFinance #BorrowSmart #2026

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