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Loan Calculator
Universal loan payment calculator for any type of loan with amortization and extra payment scenarios
Monthly Payment
$1,085
Loan Amount $100,000
Total Interest $30,232
Total Payments $130,232
Understanding Loan Payments
This calculator helps you understand loan payments for any type of loan including personal loans, business loans, and student loans.
- Principal: The original amount borrowed
- Interest: The cost of borrowing money
- Term: The length of time to repay the loan
- Monthly Payment: Fixed amount paid each month