Standard Loan Calculator

This calculator is designed to determine the overall costs of a fixed-rate loan.

Standard Loan Calculator

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Loan Amount:
Interest Rate:
Number of Years:
Number of Periods Per Year:
Payment Amount:
Total Interest Paid:


Amortization Schedule

Payment Principal Interest Loan Balance
- -

Remaining Loan Balance

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By using this calculator you agree to terms and conditions. These calculators are designed to be informational and educational tools only, and when used alone, do not constitute investment or financial advice. We strongly recommend that you seek the advice of a financial services professional before making any type of investment or deciding on your financial matters. This model is provided as a rough approximation of future financial performance. The results presented by this calculator are hypothetical and may not reflect the actual growth of your own investments. We can't take into account potential lender fees, payoff schedule can be longer than in the estimation. Financialfreedom and its affiliates are not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Financialfreedom is not responsible for any human or mechanical errors or omissions.

You will need to input the following information to make proper calculations:

  • How much money you’re getting
  • The interest rate you’re being offered
  • The exact number of years you’ll have to pay it off
  • How many payment cycles there will be during each year.

If you enter all the information correctly, the calculator will show you how much you’ll pay each month and what the total interest paid throughout the loan’s lifetime will be. It will also provide a clear breakdown (AKA an amortization schedule) of your payments over the course of the loan.

Our standard loan calculator and all other calculators on this site should only be used to provide an estimate. Loan closing costs must also be calculated separately. You can get more specific, detailed information from your lender.

Use our Advanced Loan Calculator, if you wish to take into account any additional principal per month and intervals of compounded interest.

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