Calculator Lumni

Calculate loan payments, total interest, and view a detailed amortization schedule with this free online calculator.

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About This Tool

The Lumni Loan Amortization Calculator is a powerful tool that helps you understand the full cost of a loan. Simply enter the loan amount, annual interest rate, loan term, and repayment frequency to calculate your monthly payment, total interest paid, and generate a detailed amortization schedule showing how each payment is split between principal and interest over time. This tool is perfect for mortgages, car loans, personal loans, or any installment loan, providing clear insights to make informed financial decisions.

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How to Use

Enter the loan amount in the first input field.
Input the annual interest rate as a percentage (e.g.,
5 for
5%).
Select the loan term in years from the dropdown.
Choose the repayment frequency (monthly, bi-weekly, or weekly).
Click the 'Calculate' button to see the results.
View the monthly payment, total interest, and a detailed amortization schedule in the results section.

Frequently Asked Questions

Find Quick Answers

What is an amortization schedule?

An amortization schedule is a table that shows each loan payment over time, breaking down how much goes toward principal and interest. It helps you see how the loan balance decreases with each payment.

Can I use this calculator for different types of loans?

Yes, this calculator works for any installment loan with a fixed interest rate and term, such as mortgages, auto loans, personal loans, or student loans.

How accurate are the calculations?

The calculations use standard amortization formulas and are accurate for fixed-rate loans. Results are rounded to two decimal places for currency values.

What if I have an extra payment or variable rate?

This calculator assumes a fixed interest rate and regular payments without extra contributions. For variable rates or additional payments, you would need a more advanced tool.

Need to run multiple calculations?

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