Loan / EMI Calculator
Monthly payments, total interest and amortization.
Loan amount $300,000 Monthly payment $2,025.62 ร 300 months Total interest $307,686.45 Total repayment $607,686.45
About the Loan / EMI Calculator
Compute the monthly payment on an amortized loan from the amount, annual interest rate and term in years. Beyond the installment, the tool totals lifetime interest, shows what share of every payment is interest, and can print a full month-by-month amortization schedule with principal, interest and remaining balance.
How to use the Loan / EMI Calculator
- Enter the loan amount, annual interest rate and term in years.
- Read the Monthly payment, Total interest, Total paid and Interest share tiles.
- Open the Summary box for the payment times months breakdown.
- Tick Show full amortization schedule to inspect every month of the loan.
Loan / EMI Calculator FAQ
What formula computes the monthly payment?
The standard EMI formula P ร i ร (1+i)^n รท ((1+i)^n โ 1), where i is the monthly rate and n the number of months; a zero-rate loan falls back to a simple division.
What does the amortization table show?
Each row gives one month's interest portion, principal portion and remaining balance, so you can see how early payments are interest-heavy and how the balance decays.
Does it include fees, insurance or escrow?
No โ it models principal and interest only, which is the standard way to compare loan offers; add taxes, insurance and fees separately.