Loan Calculator
Calculate monthly payments for mortgages and car loans (equal principal & interest). Instant results.
How it works
Enter details
Enter the loan amount, annual rate and term in years.
Calculate
The monthly payment is computed using equal principal & interest.
Review
See monthly payment, total interest and total repayment.
Why use Ercc Loan Calculator?
Both loans
Handles both home mortgages and car loans.
Instant
Results appear immediately, no fees.
100% local
Runs entirely in your browser.
Frequently Asked Questions
A method where each monthly payment is the same amount, split between interest and principal. Used by most Chinese mortgages.
M = P * r * (1+r)^n / ((1+r)^n - 1), where P is the loan, r the monthly rate, n the number of months.
No. It estimates principal and interest only; bank fees and insurance are not included.
Yes, just edit the amount, rate or years and recalculate.
Yes, 100% free with no limits.