Loan & Mortgage Calculator | Calculate Payments Instantly | Penny Prosper

Loan & Mortgage Calculator

Whether you're buying a home, financing a car, or applying for a personal loan, this tool gives you quick and accurate payment estimates with detailed amortization schedules.

Payment Amount
$0.00
Total Interest Paid
$0.00
Total Amount Paid
$0.00

Amortization Schedule

Payment # Payment Amount Principal Interest Remaining Balance

What Is This Calculator?

Whether you're buying a home, financing a car, or applying for a personal loan, this tool gives you:

  • Quick and accurate payment estimates
  • A detailed amortization schedule
  • Easy-to-read payment summaries
  • The ability to compare loan terms & frequencies
  • Export and share options that save time

Why Use Penny Prosper's Loan Calculator?

  • Easy and fast loan planning
  • Designed with clarity and detail in mind
  • Instantly shareable reports
  • No data collection or sign-up required
  • Ideal for both local and international users

Key Features

Real-Time Loan Calculations

  • Default currency: USD ($) with multi-currency support for global users
  • Customize your loan amount, interest rate, and loan term (in years or months)
  • Choose between monthly, bi-weekly, or weekly payments
  • Instantly see your payment amount, total interest, and total cost

Interactive Visuals

  • View dynamic charts showing how each payment reduces your balance
  • Get a full amortization schedule with principal, interest, and remaining balance
  • Easy visualizations to understand your loan structure at a glance

Export, Print, & Share

  • Download PDF: Create professional reports with one click
  • Print: Clean layout formatted for paper use
  • Email: Send reports directly to your advisor, co-borrower, or lender

Built for Comfort & Access

  • Light & Dark Modes for reduced eye strain
  • Fully mobile responsive — works on desktop, tablet, or phone
  • Helpful tooltips to guide first-time users and clarify financial terms

Global-Friendly Currency Support

  • Works in 10 major currencies: USD, EUR, GBP, AUD, CAD, JPY, INR, CNY, CHF, LKR
  • Compare international loan options or plan across borders with ease

100% Private & Secure

  • All calculations happen in your browser — no data leaves your device
  • No sign-ups, no downloads, no tracking
  • Your information stays private and secure at all times

How to Use the Calculator

1

Enter your loan amount, interest rate, and term

2

Select your preferred payment frequency

3

Hit Calculate to see results instantly

4

Review the summary, charts, and amortization schedule

Need Help?

Frequently Asked Questions

Yes!… it’s 100% free with no hidden costs or registration required.

Absolutely. The calculator works for any type of loan — just enter the loan details.

Yes, you can switch between monthly, bi-weekly, or weekly payments to see how they affect your total cost.

Yes — click “Download PDF” or “Print” for a clean, professional summary of your loan.

Yes. All data is processed locally in your browser. Nothing is saved, stored, or sent.

Yes! The calculator is mobile-optimized and works perfectly on all devices.

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