Loan calculator

Loan calculator

Loan Calculator in Excel Format Download

Loan Calculator in Excel Format Download

Loan Calculator in Excel Format

Calculate loan payments, interest, and more with this loan calculator. You can download the results in an Excel file.

Loan Amount ($) Annual Interest Rate (%) Loan Term (Years) Monthly Payment ($) Total Interest ($) Total Amount Paid ($)

This loan calculator helps you determine your monthly payment, total interest, and total amount paid for any loan. You can easily download the calculation results in an Excel format for your records.

Loan Calculation Formula

Monthly Payment = Loan Amount × (Interest Rate / 12) ÷ (1 – (1 + Interest Rate / 12)^(-Loan Term × 12))
Total Interest = (Monthly Payment × Loan Term × 12) – Loan Amount
Total Amount Paid = Monthly Payment × Loan Term × 12

Example Calculation

Loan amount: $10,000, Interest rate: 5%, Loan term: 5 years → Monthly payment: $188.71, Total interest: $1,323.46, Total amount paid: $11,323.46

Why It Matters

Knowing your monthly payments and total interest can help you budget more effectively and choose the best loan terms for your financial situation.

function calculateLoan() { const loanAmount = parseFloat(document.getElementById(“loanAmount”).value); const interestRate = parseFloat(document.getElementById(“interestRate”).value) / 100; const loanTerm = parseInt(document.getElementById(“loanTerm”).value); if (isNaN(loanAmount) || isNaN(interestRate) || isNaN(loanTerm) || loanAmount <= 0 || interestRate <= 0 || loanTerm el.value = “”); } function downloadExcel() { const loanAmount = document.getElementById(“loanAmount”).value; const interestRate = document.getElementById(“interestRate”).value; const loanTerm = document.getElementById(“loanTerm”).value; const monthlyPayment = document.getElementById(“monthlyPayment”).value; const totalInterest = document.getElementById(“totalInterest”).value; const totalAmount = document.getElementById(“totalAmount”).value; const csvContent = `Loan Amount, Interest Rate, Loan Term, Monthly Payment, Total Interest, Total Amount\n${loanAmount}, ${interestRate}%, ${loanTerm} years, ${monthlyPayment}, ${totalInterest}, ${totalAmount}`; const blob = new Blob([csvContent], { type: ‘text/csv’ }); const link = document.createElement(“a”); link.href = URL.createObjectURL(blob); link.download = “loan_calculator_results.csv”; link.click(); }

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