# Loan payment calculator

> Work out the monthly payment on a mortgage, car or personal loan, total interest, and a year-by-year amortization table you can download as CSV.

URL: https://tools.cuelark.com/loan-calculator
Publisher: Cuelark Team (https://cuelark.com)
Updated: 2026-11-10
Price: free, no sign-up
Privacy: runs in the browser; files are not uploaded

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.

## 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.

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