Loan Payment Calculator 2026
Calculate your monthly payment, total interest, and full amortization schedule. Works for personal loans, auto loans, and student loans.
How it works: Uses the standard loan amortization formula: P = L[c(1+c)ⁿ]/[(1+c)ⁿ−1] where P = monthly payment, L = loan amount, c = monthly interest rate, n = total months. This is the same formula used by banks and lenders.