Loan Calculator
Calculate loan payments and amortization schedules
Loan Details
Enter your loan information to calculate payments
Payment Summary
$1,580.17
Monthly Payment
$568,861.22
Total Payments
$318,861.22
Total Interest
Loan Amount$250,000.00
Payoff DateOctober 2055
Interest Rate6.5% APR
Loan Term30 years
Cost Breakdown
Principal (43.9%)$250,000.00
Interest (56.1%)$318,861.22
Loan Tips & Information
Lower Your Interest
- • Improve your credit score before applying
- • Shop around with multiple lenders
- • Consider a shorter loan term
- • Make a larger down payment
Save on Interest
- • Make extra principal payments
- • Switch to bi-weekly payments
- • Round up your monthly payments
- • Refinance when rates drop
Pro Tip: Even small extra payments can save thousands in interest over the life of your loan. Use the "Early Payoff" tab to see the impact of additional payments.