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Loan payment calculator

Exact amortization

Enter the loan amount, interest rate and term to get the monthly payment (EMI), the total interest you will pay and a year-by-year amortization table.

Try:

Fill in the fields to see the result.

How to use it

  1. Enter the amount borrowed, the annual interest rate (APR) and the term in years.
  2. Or press a sample: mortgage, car loan, home loan in rupees.
  3. Read the monthly payment and download the amortization table as CSV.

Details

Formula
P × r × (1+r)^n ÷ ((1+r)^n − 1), r = monthly rate, n = months
Table
Principal, interest and balance for each year
Not included
Property tax, insurance, PMI, fees

Questions

Is this the same as an EMI calculator?

Yes. EMI (equated monthly instalment) is the fixed monthly payment that repays principal and interest over the term; the formula is the same.

Why is so much of the early payment interest?

Interest is charged on the remaining balance, which is highest at the start. The amortization table shows the principal share growing each year.

Does it include taxes and insurance?

No, principal and interest only. A mortgage payment also often includes property tax, homeowners insurance and PMI held in escrow.

Is what I type sent anywhere?

No. The calculation runs in this browser tab with the same code our MCP server uses. Nothing you type is sent to a server or saved, apart from settings like filing status, which stay in this browser.

Can an AI agent use this?

Yes. The same function is a tool on our free MCP server at tools.cuelark.com/mcp, so ChatGPT, Claude or Cursor get exactly the answer this page shows. 'Copy MCP call' gives you the arguments.