Before sitting down with a loan officer, it helps to have a rough sense of what your monthly payment will actually look like. pomiai’s Loan Calculator lets you enter the principal, annual interest rate, and repayment term, and it instantly calculates your monthly payment, total interest, and total amount repaid. Works for mortgages, personal loans, auto loans — any fixed-rate loan.
When this comes in handy
- Estimating your monthly mortgage payment before applying
- Comparing total interest across different rates and terms
- Figuring out what a car loan payment will actually cost each month
- Getting rough numbers ready before a loan consultation
How to use it
- The Loan Calc tab is already selected when the tool opens.
- Enter the loan principal, annual interest rate, and term (in months).
- Your monthly payment, total interest, and total repayment amount calculate automatically.
- Adjust the rate or term to compare different scenarios instantly.
Frequently asked questions
Does it use equal monthly installments (amortizing)?
Yes, it calculates a standard amortizing loan where you pay the same amount each month.
Could the actual loan terms differ from this estimate?
Yes, this is a reference calculation based on the rate and term you enter. For actual approval and exact terms, check with your financial institution.
Is my information stored on a server?
No. All calculations happen entirely in your browser, and nothing you enter is sent to a server.
Is it free?
Yes, it’s free to use directly in your browser with no sign-in required.
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