What This Loan Calculator Does
| Feature | Description |
|---|---|
| Monthly Payment | Calculates principal + interest payment |
| Total Interest | Shows total interest paid over loan term |
| Total Payment | Principal + Interest total |
| Payoff Date | Estimated date when loan will be paid off |
| Amortization Schedule | Full breakdown of every payment |
| Down Payment | Subtract from loan amount |
| Property Tax & Insurance | Add escrow to monthly payment |
| Payment Frequency | Monthly or Bi-Weekly options |
| Pie Chart | Visual breakdown of principal vs interest |
| Copy Schedule | Export as TSV for Excel/Sheets |
How to Use
- Enter Loan Amount — e.g., $250,000
- Enter Interest Rate — e.g., 6.5%
- Enter Loan Term — e.g., 30 years
- Add Down Payment — reduces loan amount
- Add Tax/Insurance (optional) — for true monthly cost
- Click CALCULATE or press
Ctrl/Cmd + Enter
Example Calculation
$250,000 loan, 6.5%, 30 years, $50,000 down payment:
- Monthly Payment: ~$1,264
- Total Interest: ~$205,000
- Total Payment: ~$455,000