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Loan Calculator
Calculate loan repayments, monthly interest, and amortization schedules. Useful for mortgages and personal loans.
How to use this tool
- Enter loan amount, annual rate, term length, and preferred currency symbol.
- Review monthly payment, total repayment, and total interest summaries.
- Inspect yearly amortization rows and export summary or CSV data.
Planning scenarios
- Compare multiple loan terms to see interest cost differences.
- Use yearly amortization to understand principal versus interest split over time.
- Model mortgage, auto, and business loan repayment profiles quickly.
Interpretation notes
- This tool calculates principal and interest only.
- Taxes, fees, insurance, and lender-specific charges are excluded.
- For non-monthly payment plans, convert assumptions before use.
FAQ
- Can I calculate zero-interest loans?
- Yes. Setting rate to 0 divides principal evenly across all monthly periods.
- Does currency selection convert exchange rates?
- No. Currency selection changes display symbols only.
- Can I export the amortization schedule?
- Yes. Use the CSV export action for yearly schedule rows and summary metrics.
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