Wolfram|Alpha can quickly and easily calculate monthly payments and interest costs associated with simple loans of any length or amount. You can calculate payoff times and total interest payments, and dynamically compute the effects of different interest rates or payment intervals.
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Enter your queries using plain English. Your input can include complete details about loan amounts, down payments and other variables, or you can add, remove and modify values and parameters using a simple form interface.
The simplest loan calculation requires only a total loan amount, a loan period and the annual percentage rate of interest on the loan. From these variables, Wolfram|Alpha can generate a custom report showing useful summary information about the loan period and overall costs. Loan calculations can be performed in any currency, and for any period or payment interval.