My Loan Calculator is a powerful calculator for evaluating mortgage loans, car and auto loans, and other types of fixed-rate consumer and student loans, as well as credit card debt. The loan calculator tells you the overall interest youll end up paying over time, as well as the interest saved by making extra payments.
ANSWER THESE QUESTIONS:
- What will my monthly mortgage or auto payment be?
- How long will it take to pay off my credit card?
- How much could I save by paying off my high interest loan early?
- How fast could I pay off my house if I made extra payments?
- For a given monthly payment and rate, how high of a loan could I afford?
- How much interest will I pay on my mortgage the first year? ... the second year?
- What are the differences between two or three different bank loan options?
FEATURES
- Solve for the Loan Amount, Interest Rate, Length (Term), or Payment
- Payment frequency options include annual, semi-annual, quarterly, bi-monthly, monthly, semi-monthly, bi-weekly, weekly, accelerated bi-weekly, or accelerated weekly
- Save and compare up to 3 different loans
- Create and email an Amortization Schedule
- Use the Extra Payment slider to quickly see how making extra payments could lower your overall interest
- Choose monthly compounding for US Mortgages and semi-annual compounding for Canadian mortgages
- Built-in help tab with link to online help