Lotus Calculator

Our comprehensive Loan Calculator helps you determine your monthly loan payments, total interest paid, and the overall cost of your loan. You can input the loan amount, interest rate, and loan term to see a detailed breakdown of principal and interest payments over time, along with a visual amortization schedule and charts. This tool is perfect for understanding various types of loans like personal loans, auto loans, or student loans.

Key Inputs:

• Loan Amount: The total amount of money you plan to borrow.
• Interest Rate: The annual interest rate for the loan.
• Loan Term: The duration over which you'll repay the loan, specified in years and/or months.

Key Outputs:

• Monthly Payment: The fixed amount you'll pay each month.
• Total Principal Paid: The total amount of the original loan that you'll repay.
• Total Interest Paid: The total amount of interest you'll pay over the life of the loan.
• Total Payments: The sum of all monthly payments made over the loan term.
• Amortization Schedule: A detailed table showing how each payment is split between principal and interest, and the remaining balance, available in both monthly and annual views.
• Visual Charts: Includes a pie chart breaking down total principal vs. total interest, and a line chart showing the loan balance reduction over time.