Loanwise: Loan Calculator

Loanwise calculates loan payments using the same standard amortization formula lenders use — not a rough estimate. Enter a loan amount, annual interest rate, and term (preset or custom), and see your monthly payment, total interest, and total amount repaid instantly. Tap through to a full month-by-month amortization schedule showing exactly how much of each payment goes to principal versus interest, and how your balance declines over time. FEATURES • Standard amortizing-loan payment formula — the real math behind mortgages, auto loans, and personal loans • Instant monthly payment, total interest, and total repayment figures • Full amortization schedule, payment by payment • Preset terms (1 to 30 years) plus custom term entry • Nothing you enter is ever saved — your figures exist only while the app is open • Fully offline. No ads, no accounts, no tracking. Loanwise provides general informational estimates, not financial advice. Consult your lender or a financial professional for guidance specific to your situation. See the true cost, upfront.