Fastway Tools

Loan & Mortgage Calculator

Monthly payment$599.55
Total paid$215,838.19
Total interest$115,838.19

Amortization by year

YearPrincipalInterestBalance
1$1,228.01$5,966.59$98,771.99
2$1,303.75$5,890.85$97,468.24
3$1,384.17$5,810.44$96,084.07
4$1,469.54$5,725.07$94,614.53
5$1,560.18$5,634.43$93,054.36
6$1,656.40$5,538.20$91,397.95
7$1,758.57$5,436.04$89,639.39
8$1,867.03$5,327.57$87,772.35
9$1,982.19$5,212.42$85,790.17
10$2,104.44$5,090.16$83,685.72
11$2,234.24$4,960.37$81,451.48
12$2,372.04$4,822.56$79,079.44
13$2,518.35$4,676.26$76,561.09
14$2,673.67$4,520.93$73,887.42
15$2,838.58$4,356.03$71,048.84
16$3,013.66$4,180.95$68,035.19
17$3,199.53$3,995.07$64,835.66
18$3,396.87$3,797.73$61,438.79
19$3,606.38$3,588.22$57,832.40
20$3,828.82$3,365.79$54,003.59
21$4,064.97$3,129.64$49,938.62
22$4,315.69$2,878.92$45,622.93
23$4,581.87$2,612.74$41,041.06
24$4,864.47$2,330.14$36,176.59
25$5,164.50$2,030.11$31,012.09
26$5,483.04$1,711.57$25,529.05
27$5,821.22$1,373.39$19,707.84
28$6,180.26$1,014.35$13,527.58
29$6,561.44$633.16$6,966.14
30$6,966.14$228.47$0.00

The Loan & Mortgage Calculator shows the fixed monthly payment for a loan, how much interest you pay in total, and a year-by-year amortization schedule.

How to Use the Calculator

  1. Enter the loan amount (the principal you borrow).
  2. Set the annual interest rate and the term in years or months.
  3. Read the monthly payment, total interest and the yearly amortization table.

Benefits and Use Cases

  • Compare mortgages, car loans or personal loans before you commit.
  • See how the rate and term change your total interest.
  • Runs entirely in your browser — your figures stay private.

FAQ

How is the monthly payment calculated?

It uses the standard amortizing-loan formula based on the loan amount, the monthly interest rate (annual rate ÷ 12) and the number of payments, so you pay the same fixed amount each month.

What is amortization?

Early payments are mostly interest; over time more of each payment goes to the principal. The yearly table shows how the balance falls.

Is my data saved?

No. The calculation runs entirely in your browser and nothing is uploaded.