🏠 Loan Calculator
Calculate monthly payments and view the full amortization schedule for any loan or mortgage.
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How It Works
Monthly payment is calculated using the standard amortization formula: M = P × [r(1+r)ⁿ] / [(1+r)ⁿ − 1] where P is principal, r is monthly interest rate, and n is the total number of payments.
Early in the loan, most of your payment goes toward interest. Over time, as the balance decreases, more goes toward principal — this is how amortization works.