💰 Loan & Mortgage Calculator
Plan mortgages, auto loans, and personal financing. Calculate monthly payments, analyze interest breakdown, and generate full amortization tables.
Monthly Amortization Schedule
| Payment # | Principal | Interest | Total Payment | Remaining Balance |
|---|
Standard Mortgage Formula
ToolsHub calculates standard amortized loans using the universal formula:
M = P [ i(1 + i)^n ] / [ (1 + i)^n – 1]
Where P is the principal loan amount, i is the monthly interest rate (APR / 12), and n is the total number of months. Taxes, insurance, and escrow fees are not included.
How to use Loan & Mortgage Calculator
Enter principal, interest rate and loan term, then inspect the estimated payment and amortization schedule. Compare different rates or terms.
What to check before using the result
This is an estimate, not a loan offer. Fees, taxes, insurance and lender-specific terms can change actual payments.
Example: Checking a zero-interest estimate
A principal of 1200 at 0% interest over 12 months gives a payment of 100 per month before fees. The calculator supports fixed-rate amortization over 1–600 whole months. Confirm actual charges and terms with the lender.
Free to use; no account required. For browser requirements and processing limits, read the ToolsHub FAQ. See how local processing works in our privacy policy.