Loan Calculator
Calculate your monthly payments and total interest for any loan or mortgage instantly.
Why Use This Tool?
Financial clarity is the foundation of every great life decision. Whether you're dreaming of a new home, planning for a vehicle upgrade, or calculating the seed capital for your next business venture, 'approximate' numbers are dangerous. Savetomedia's Loan Calculator strips away the mystery of compound interest. By providing an instant, high-fidelity breakdown of your monthly obligations, total principal repayment, and overall interest cost, we empower you to shop for credit with confidence. Don't let amortization tables intimidate you—take control of your financial destiny today.
How to Use
Enter the total loan amount.
Enter the annual interest rate.
Set the repayment term in months.
Review your monthly breakdown.
Common Questions
Everything you need to know
Is this for mortgages only?
No, it works for any fixed-rate loan including personal loans and auto financing.
Are fees included?
The calculator accounts only for principal and interest. Extra bank fees are not factored in.
What's the 'Total Interest'?
This is the extra money you pay beyond the original borrowed amount over the full term.
This calculator provides fixed-rate amortization estimates for educational purposes. Actual interest rates, closing costs, and private mortgage insurance (PMI) may vary based on your lender's specific terms and your personal credit profile.