Loan Calculator
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Amortized Loan
years
months
Deferred Payment Loan
years
months
Amortized Loan Results
Payment Every Month:
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Total of 120 Payments:
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Total Interest:
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Total Interest:—
Principal:—
Deferred Payment Loan Result
Amount Due at Loan Maturity:
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FAQ — Loan Calculator
What is an amortized loan?
An amortized loan has scheduled, periodic payments applied to both principal and interest. Each payment reduces the balance until fully paid — e.g. mortgages, car loans.
What is APR vs. interest rate?
The interest rate is the cost of borrowing principal. APR (Annual Percentage Rate) includes interest plus fees, giving a more complete picture of the true yearly cost.
How does compounding frequency affect my loan?
More frequent compounding (e.g. daily vs. annually) means interest accrues faster, increasing the total amount owed. Monthly compounding is the most common for personal loans.
What is a deferred payment loan?
No payments are made during the term. Interest accrues and the entire balance — principal + accumulated interest — is paid as a lump sum at maturity.
Does paying bi-weekly save money?
Yes. Bi-weekly payments (26/year) equal 13 monthly payments annually instead of 12, reducing principal faster and cutting total interest significantly.
How can I reduce total interest paid?
Make larger payments, choose a shorter loan term, negotiate a lower interest rate, or make extra principal-only payments to reduce the outstanding balance faster.
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