loan calculator – Estimate Monthly Payments

This isn’t just another generic tool. It’s a powerful, flexible car loan calculator, auto loan calculator, amortization calculator, and mortgage estimator rolled into one. Enter your loan amount, interest rate, term, and payment frequency to instantly see your monthly payment, total interest, taxes, insurance, and full cost breakdown — including PMI if applicable.

Why This Loan Calculator Stands Out

Unlike basic calculators that only show principal + interest, ours reflects real-world costs lenders consider:

• Property Taxes — Add annual property taxes for home loans
• Home Insurance — Include yearly premiums to reflect true housing costs
• PMI (Private Mortgage Insurance) — Automatically calculated if down payment is under 20%
• Multiple Payment Frequencies — Monthly, bi-weekly, or weekly payments
• Loan Type Options — Standard amortizing, interest-only, or balloon payments
• Interactive Pie Chart — Visualize how each dollar of your payment breaks down
• Exportable Amortization Schedule — Download as CSV for spreadsheets or broker discussions

How to Use the Tool (Step-by-Step)

1. Select Currency — Choose USD, CAD, EUR, or GBP to match your region.
2. Enter Loan Amount — Total purchase price before down payment.
3. Add Down Payment (%) — Reduces your loan amount and may eliminate PMI.
4. Set Annual Interest Rate — Use current market rates or your lender’s quote.
5. Choose Loan Term — From 1 to 50 years (standard mortgages are 15–30).
6. Pick Payment Frequency — Monthly, bi-weekly, or weekly to match your budget.
7. Select Loan Type — Standard, interest-only, or balloon for specialized scenarios.
8. Include Property Taxes & Insurance — For home loans, add these to see total monthly cost.
9. Toggle PMI — Checked by default if down payment is under 20%.
10. Review Results Instantly — Your monthly payment, total cost, and pie chart update in real time.

Understanding Your Results

After entering your details, you’ll see:

• Monthly Payment — Your estimated payment per cycle (monthly, bi-weekly, etc.)
• Total Principal Paid — The original loan amount you borrowed
• Total Interest Paid — How much you pay in interest over the life of the loan
• Total Taxes Paid — Sum of all property taxes over the loan term
• Total Insurance Paid — Sum of all home insurance premiums
• Total PMI Paid — If applicable, the cost of private mortgage insurance
• Total All-In Cost — The complete picture: principal + interest + taxes + insurance + PMI

Visualize Your Costs with the Pie Chart

The “Cost Breakdown” pie chart shows exactly where your money goes:

• Blue = Principal (reduces your loan balance)
• Red = Interest (cost of borrowing)
• Orange = Property Taxes
• Green = Home Insurance
• Purple = PMI (if applicable)

In early years, most of your payment goes to interest. Over time, more goes to principal — helping you build equity faster.

Access Your Full Amortization Schedule

Click “Show Amortization Schedule” to view month-by-month details:

• Date of each payment
• Payment amount
• Principal portion
• Interest portion
• PMI, taxes, and insurance (if included)
• Remaining loan balance

Use the “Export as CSV” button to save your schedule for spreadsheets, financial advisors, or mortgage brokers.