About Payment Calculator
Calculate loan payments for different types of loans including mortgages, car loans, personal loans, and more. View complete payment schedules and understand your total cost.
Payment Calculation Tips
- Principal: Original loan amount borrowed
- Interest: Cost of borrowing money
- Amortization: Gradual repayment of principal
- Extra Payments: Reduce total interest and payoff time
- Bi-weekly: 26 payments per year vs 12 monthly
- Refinancing: Consider when rates drop significantly