Loan Payment Calculator
Calculate your monthly loan payments and see a detailed breakdown of your loan
Monthly Payment
$386.66
Your estimated monthly payment
Payment Breakdown
Total Principal
$20,000
Total Interest
$3,200
Total Cost
$23,200
Loan Term
5 years
Loan Details
Loan Amount:
$25,000
Down Payment:
$5,000
Amount Financed:
$20,000
Interest Rate:
5.5%
Total Payments:
60
Amortization Schedule
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $386.66 | $296.99 | $89.67 | $19,703.01 |
| 2 | $386.66 | $298.34 | $88.32 | $19,404.67 |
| 3 | $386.66 | $299.71 | $86.95 | $19,104.96 |
Features of this Loan Payment Calculator:
- Modern UI Design:
- Dark-themed interface with gradient background
- Glass-morphism panels for a sleek look
- Responsive layout that works on all devices
- Comprehensive Inputs:
- Loan amount control ($1,000-$500,000)
- Down payment slider (up to $50,000)
- Interest rate adjustment (0.1%-20%)
- Loan term selector (1-30 years)
- Detailed Results:
- Monthly payment calculation
- Total principal and interest breakdown
- Visual payment allocation chart
- Loan details summary
- Amortization schedule (first 12 months)
- Interactive Elements:
- Real-time calculation as you adjust sliders
- Synchronized input fields and sliders
- Hover effects and animations for better UX
- Educational Value:
- Shows how each payment is split between principal and interest
- Visual representation of payment allocation
- Detailed amortization schedule
The calculator uses the standard loan payment formula to calculate monthly payments based on the loan amount, interest rate, and loan term. It also generates an amortization schedule to show how each payment is applied to principal and interest over time.
To use the calculator:
- Adjust the loan amount using the slider or input field
- Set your down payment amount
- Choose the interest rate
- Select the loan term in years
- View your monthly payment and payment breakdown
- Examine the amortization schedule to see how your loan balance changes over time