Our calculator provides highly accurate estimates based on standard financial formulas. For exact figures, please consult with a financial advisor as rates and terms may vary.

The calculator uses the standard loan payment formula: P = r*PV / (1 - (1 + r)^-n), where P is payment, r is interest rate per period, PV is present value (loan amount), and n is number of payments.

Yes, this calculator works for various loan types including personal loans, auto loans, and mortgages. Simply adjust the loan amount, interest rate, and term to match your specific loan details.

The graph shows the breakdown of your payments over time. The blue area represents the principal amount being paid down, while the orange area shows the interest portion of your payments.