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Loan Calculator

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How to Use the Loan Calculator

Loan Details

Select the currency for calculations.
Enter the total amount you wish to borrow.
Enter the annual interest rate for the loan.
Enter the loan duration in years.
Select the start date for loan payments.
Choose how often payments are made.
Calculate loan details based on inputs.
Reset all inputs to default values.

Extra Payments

Enter additional payment amount to reduce loan term.
Payment number to start extra payments.
Payment number to end extra payments.
How often to apply extra payments.
AI Suggestion

Based on your loan details, adding an extra $100 per payment could save you significant interest.

Compare Scenarios

Interest rate for alternative loan scenario.
Loan term for alternative scenario.
Loan amount for alternative scenario.
Compare current loan with alternative scenario.
AI Insight

Current market rates average 4.8%. Refinancing could save you monthly.

Loan Summary

Monthly Payment
$1,418.72
Total Interest
$260,739.02
Total Cost
$510,739.02
Payoff Date
May 2053
Interest Savings
$0.00
Time Saved
0 years
Amortization
Charts
Comparison
Affordability

Amortization Schedule

Payment # Date Payment Principal Interest Balance

Loan Breakdown

Payment Composition Over Time

Scenario Comparison

Metric Current Loan Compared Loan Difference

Affordability Calculator

Enter your total annual household income.
Enter total monthly debt obligations.
Enter the amount available for down payment.
Calculate maximum affordable loan amount.
Maximum Affordable Loan
$325,000
Recommended Monthly Payment
Debt-to-Income Ratio
28%
AI Recommendation

Based on your income and debts, we recommend keeping your total monthly housing payment below $1,750.