Mortgage · Personal · Auto · Student

Know your exact monthly payment
before you sign anything.

Type your numbers directly or use the sliders — instant breakdown with full amortization schedule.

Loan Parameters

Loan Amount $300,000

$5k$1.5M

type exact $

Interest Rate (APR) 6.5%

0.5%20%

% APR

Loan Term 30 years

1 yr30 yrs

years (1–30)

Down Payment $60,000

$0$500k

type exact $

Monthly Payment

$1,517

30-year mortgage · 6.5% APR

Loan Amount

$240,000

Total Interest

$306,120

Total Cost

$546,120

Payoff Date

Jun 2055

Principal vs. Interest

Principal 44%

Interest 56%

Amortization Schedule (first 5 years)

Year	Principal	Interest	Balance

Extra Payment Savings Calculator

See how much time and money you save by paying a little extra each month — uses your current loan above.

Extra Monthly Payment ($)

One-Time Lump Sum ($)

Side-by-Side Loan Comparison

Compare two loan offers to see which actually costs less over the full term.

Loan A

Amount ($)

Rate (% APR)

Term (years)

Loan B

Amount ($)

Rate (% APR)

Term (years)

How is my payment calculated?

Your monthly payment uses the standard amortization formula, factoring in your loan principal, annual interest rate (APR), and loan term in months. Each payment covers accrued interest first, then reduces the outstanding balance.

What's a good interest rate?

Rates depend on the loan type, your credit score, and market conditions. Borrowers with excellent credit (740+) typically qualify for significantly lower rates. Even a 0.5% difference on a 30-year mortgage can save tens of thousands.

Should I pay extra each month?