Loan Calculator
Calculate loan payments, interest, and amortization schedule
Get detailed loan analysis with monthly payments and interest breakdown
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Loan Calculator Settings
Enter your loan details to calculate payments
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This loan calculator helps you estimate monthly payments, total interest, and provides an amortization schedule. The calculations are estimates and actual loan terms may vary. Always consult with a financial advisor for personalized advice.
Did You Know?
The concept of interest on loans dates back to ancient civilizations, with evidence of lending practices in Babylon as early as 2000 BCE.
Amortization schedules, which show how each payment is split between principal and interest, were first used systematically by banks in the early 20th century.
The 30-year fixed-rate mortgage, now standard in the US, was introduced during the Great Depression to help stabilize the housing market.
These facts help provide context and educational value about the tool's purpose and history.