Mortgage and Loan Calculator for USA

Free Mortgage & Loan Calculator

This free Mortgage & Loan Calculator helps you estimate your monthly mortgage payments, total loan repayment, and interest cost. Whether you are planning to buy a home, refinance your mortgage, or calculate a personal loan, this tool gives you a complete amortization schedule.

Calculate Your Loan Payments

Loan Amount ($) Annual Interest Rate (%) Loan Term (years)

How to Use the Mortgage & Loan Calculator

Enter the loan amount, annual interest rate, and loan term in years. The calculator will instantly provide:

• Monthly mortgage or loan payment
• Total amount payable
• Total interest over the loan period
• Full amortization schedule (month-by-month breakdown)

Why Use a Loan Calculator?

Using a home loan or mortgage calculator helps you make smarter financial decisions. You can compare different loan terms, interest rates, and repayment schedules to see what fits your budget best.

Frequently Asked Questions

Q: Can I use this calculator for personal loans?
Yes, this tool works for mortgages, car loans, student loans, and personal loans.

Q: What is an amortization schedule?
An amortization schedule is a table showing how much of each monthly payment goes toward the principal and how much goes toward interest.