🏦 Loan Calculator
Calculate monthly payments, total interest, and repayment schedule for any loan.
View Annual Repayment Schedule
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❓ FAQ
Fixed Payment (Equal P&I) keeps your monthly payment constant — early payments are mostly interest, later ones mostly principal. Declining Payment (Equal Principal) pays off more principal upfront, so payments decrease over time but total interest is lower. Interest-Only (Bullet) pays only interest monthly, then the full principal at maturity.
Mortgage rates vary by market conditions, credit score, and loan product. As of 2024-2025, 30-year fixed rates in the US are typically 6-7.5%. Consult a financial institution for your personalized rate.
DTI is your total monthly debt payments divided by your gross monthly income. Lenders typically prefer a DTI below 43%. You can calculate it as: (monthly loan payment × 12) ÷ annual income × 100.