Calculator Tool

Loan Calculator

Calculate a loan payment, estimate total interest, and understand what changes when you change the rate or term.

How to Use This Calculator

Simple steps to solve your loan calculator problems

1

Try AI Math Solver

Click the button above to access our AI-powered math solver.

2

Input Your Problem

Type, paste, or upload an image of your loan calculator problem in natural language.

3

Get Step-by-Step Solution

Receive a detailed walkthrough with clear explanations for each step.

4

Ask Follow-up Questions

Need clarification? Ask questions about any step in the solution process.

Example prompts to paste

  • Payment for a $18,000 auto loan at 7.1% for 60 months
  • Total interest on $12,500 personal loan at 10.9% for 36 months
  • If I pay $50 extra per month, how much sooner do I pay off the loan?

About This Calculator

Why MathAI GPT is different from traditional calculators

Loan calculators are useful for planning personal, auto, and student loans. The key inputs are principal, interest rate, and term, and the output is a payment you can budget for.

Common Uses

  • Estimate monthly payment for a fixed-rate loan
  • Compare two loan offers with different APRs
  • See how shortening the term reduces interest
  • Check how extra payments affect payoff time

Key Advantages

Shows each logical step — not just the final answer
Understands free-form math and plain language together
Accepts images of handwritten or printed problems
Helps you learn the method, not just copy answers
Loan Calculator | MathAI GPT