Calculate Loan Payments & Amortization
Calculate monthly payments, total interest, and amortization schedules instantly for any loan type. Free, accurate, and 100% private.
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Select Loan Type
Loan Details
Total amount borrowed
APR from your lender
Length of repayment
Why Choose Filator's Loan Calculator?
Lightning Fast Calculations
Get instant results for monthly payments, total interest, and complete amortization schedules. No waiting, no server processing—everything happens in your browser.
100% Private & Secure
Your financial data never leaves your device. Unlike bank calculators that track your searches for ads, Filator processes everything locally with zero data collection.
Complete Amortization Schedule
View detailed month-by-month breakdown of principal vs interest payments. Compare loan scenarios, calculate extra payments, and find the best loan terms—all free.
How to Calculate Loan Payments & Amortization
Filator's free loan calculator lets you calculate monthly payments, total interest, and complete amortization schedules instantly for any loan type—personal loans, auto loans, mortgages, or student loans. Unlike Bankrate (requires signup for detailed reports), NerdWallet (limited free calculations), and Calculator.net (shows ads and tracks data), Filator processes everything in your browser with no data collection, no signup, and no restrictions.
Why Choose Filator's Loan Calculator?
⚡ Instant Amortization Schedules
See complete month-by-month payment breakdowns for free. Bankrate requires premium signup for detailed amortization schedules, NerdWallet limits calculations to 3 per session, and Calculator.net shows intrusive ads. Filator provides unlimited calculations with zero restrictions.
🔒 100% Private Calculations
Your loan information never leaves your browser. Unlike Bankrate, NerdWallet, and Calculator.net which track your searches to serve targeted loan ads and sell data to lenders, Filator processes everything locally with zero data collection or tracking.
♾️ Unlimited Comparisons
Compare unlimited loan scenarios—different terms, rates, and extra payments—with no session limits or premium paywalls. Competitors restrict comparisons to paid plans or limit free users to 3-5 calculations per day.
📊 Extra Payment Analysis
Calculate interest savings from extra monthly payments or lump sum payments. See exactly how much time and money you'll save by paying off your loan early—a feature Bankrate charges for in their premium tier.
How to Use the Loan Calculator
- 1.Enter your loan amount (principal)—the total amount you're borrowing
- 2.Enter the annual interest rate (APR)—this is the yearly interest percentage the lender charges
- 3.Enter the loan term in years or months—how long you have to repay the loan
- 4.Click "Calculate" to instantly see your monthly payment, total interest, and total amount payable
- 5.View the complete amortization schedule to see month-by-month breakdown of principal vs interest
- 6.(Optional) Add extra monthly payments or lump sum payments to calculate early payoff and interest savings
Filator vs Competitors Comparison
| Feature | Filator | Bankrate | NerdWallet | Calculator.net |
|---|---|---|---|---|
| Amortization Schedule | Free, unlimited | Premium only | Limited free | Free with ads |
| Data Privacy | 100% private | Tracks data | Tracks data | Tracks data |
| Calculation Limits | Unlimited | 3-5/day free | 3/session | Unlimited |
| Extra Payment Analysis | Free, unlimited | Premium only | Limited | Basic only |
| Loan Comparison | Unlimited scenarios | Premium only | 3/session | Manual only |
| Advertisements | Minimal | Heavy ads | Sponsored loans | Heavy ads |
| Works Offline | Yes (PWA) | No | No | No |
Understanding Loan Calculations
Loan payments are calculated using the amortization formula:
- • M = Monthly payment
- • P = Principal (loan amount)
- • r = Monthly interest rate (annual rate ÷ 12)
- • n = Total number of payments (years × 12)
Example Calculation
Scenario: $20,000 auto loan at 6% APR for 5 years
- • Principal (P) = $20,000
- • Annual Interest Rate = 6%
- • Monthly Interest Rate (r) = 6% ÷ 12 = 0.5% = 0.005
- • Loan Term = 5 years = 60 months (n)
- • Monthly Payment (M) = $386.66
- • Total Interest = $3,199.60
- • Total Amount Payable = $23,199.60
Advanced Features
- • Amortization Schedule: Month-by-month breakdown showing how much of each payment goes to principal vs interest
- • Extra Payment Calculator: See how extra monthly or lump sum payments reduce your loan term and total interest
- • Loan Comparison: Compare multiple loan scenarios side-by-side to find the best terms
- • All Loan Types: Works for personal loans, auto loans, mortgages, student loans, and any amortized loan
- • Biweekly Payments: Calculate savings from switching to biweekly payment schedule (26 payments/year instead of 12)
- • APR vs Interest Rate: Understand the difference and how they affect your total cost
- • Early Payoff Analysis: Calculate exactly when you'll be debt-free with extra payments
- • Downloadable Reports: Export amortization schedules as CSV or print-friendly PDF
Common Use Cases
🚗 Auto Loans
Calculate monthly payments for car loans. Compare 3-year vs 5-year terms to find the best balance between monthly affordability and total interest cost.
🏠 Mortgages
Estimate mortgage payments and total interest over 15 or 30 years. See how extra monthly payments can save tens of thousands in interest.
💳 Personal Loans
Calculate payments for debt consolidation, home improvements, or major purchases. Compare rates from multiple lenders to find the best deal.
🎓 Student Loans
Estimate monthly payments and total cost for education loans. See how refinancing at a lower rate or making extra payments accelerates payoff.
Loan Calculator Tips
💡 Shorter Terms = Less Interest
A 15-year mortgage at 6% on $300,000 costs $155,580 in interest, while a 30-year term costs $347,514—over $190,000 more! Use our calculator to compare terms and find the right balance for your budget.
💡 Extra Payments = Huge Savings
Adding just $100/month to a $250,000 mortgage at 6.5% saves $58,000 in interest and shaves 5 years off the loan. Our extra payment calculator shows exactly how much you'll save.
💡 Compare Multiple Scenarios
Calculate different combinations of loan amounts, rates, and terms to find the best fit. A 0.5% lower interest rate on a $200,000 loan saves $12,000+ over 30 years.
Frequently Asked Questions
How do I calculate my monthly loan payment?
Enter your loan amount, annual interest rate (APR), and loan term in years or months. The calculator instantly shows your monthly payment, total interest, and total amount payable. You can also view a complete amortization schedule showing how each payment is split between principal and interest.
What's the difference between Filator and bank loan calculators?
Unlike bank calculators (Bankrate, NerdWallet, Calculator.net) that collect your data and show ads, Filator processes everything in your browser with no data collection. We show complete amortization schedules for free, while competitors often require signup for detailed breakdowns. Plus, we support extra payment scenarios and loan comparisons without restrictions.
Can I calculate extra payments and early payoff?
Yes! Add extra monthly payments or one-time lump sum payments to see how much interest you'll save and how quickly you'll pay off the loan. Unlike Bankrate (premium feature) or NerdWallet (limited calculations), Filator provides unlimited extra payment scenarios completely free.
Is the loan calculator accurate for mortgages?
Yes, our calculator works for all loan types: personal loans, auto loans, mortgages, and student loans. It uses the standard amortization formula (M = P[r(1+r)^n]/[(1+r)^n-1]) that banks use. For mortgages, remember to add property tax and insurance separately since these vary by location.
Do you store my loan information?
No, absolutely not. All calculations happen in your browser with zero data transmission. Unlike Bankrate, NerdWallet, and Calculator.net which track your loan searches for targeted ads, Filator never stores, transmits, or tracks your financial information.
How do I compare two different loans?
Calculate the first loan and note the monthly payment and total interest. Then adjust the loan amount, interest rate, or term for the second loan and compare results. Unlike competitors that limit comparisons to premium users, Filator lets you compare unlimited loan scenarios for free.
What loan term should I choose?
Shorter terms (15-year vs 30-year mortgage) mean higher monthly payments but significantly less total interest. Longer terms offer lower monthly payments but cost more over time. Use our calculator to compare different terms and choose based on your budget and financial goals.
Can I use this on my phone?
Yes, Filator's loan calculator is fully mobile-optimized and works on all devices including iPhone, Android, tablets, and desktops. It's also available as a PWA (Progressive Web App) for offline use—perfect for car shopping or meeting with loan officers.
Ready to Calculate Your Loan?
Start calculating loan payments and amortization schedules instantly with no signup, unlimited calculations, and complete privacy. Free, accurate, and better than Bankrate, NerdWallet, or Calculator.net—with none of the data tracking or premium paywalls. Try Filator now and make informed borrowing decisions.