Loans & Credit
Calculate loan payments, interest, and debt payoff strategies. Comprehensive calculators for mortgages, car loans, personal loans, and credit card debt.
Our loans and credit calculators help you understand loan payments, amortization schedules, and debt payoff strategies. Each tool provides detailed breakdowns to help you make informed borrowing decisions. You might also find our Understand your income, Plan CD ladders for savings, Rebalance your portfolio, Plan withdrawal strategies, Compare renting vs buying a home, Time and date tools, Find your tax bracket and Adjust savings for inflation helpful for related calculations.
Loans & Credit Guide
Last updated: February 16, 2026
Last updated: February 16, 2026
What you can do in Loans & Credit
- •Calculate monthly payments for any loan amount, rate, and term
- •Build a full amortization schedule showing principal vs. interest each month
- •Compare multiple loan offers side-by-side to find the lowest total cost
- •Plan credit card payoff using snowball (smallest balance first) or avalanche (highest rate first)
- •See how extra payments shorten your loan term and reduce total interest
- •Estimate refinance savings by comparing your current loan to new terms
- •Calculate home equity line of credit (HELOC) payments with variable rates
- •Determine how much personal loan you can afford based on your budget
Accuracy, assumptions, and sources
- •Monthly payments assume standard amortizing loans unless otherwise noted.
- •APR includes fees and points; the interest rate alone doesn't show the full cost.
- •Amortization schedules assume payments are made on time each month.
- •Extra payments are applied to principal unless your lender handles them differently.
- •Refinance calculations don't include closing costs unless you enter them.
- •Credit card payoff timelines assume no new charges are added to the balance.
Pick the right calculator fast
- If you're buying a home→Mortgage Calculator
- If you need a general loan payment estimate→Loan Repayment Calculator
- If you're financing a vehicle→Car Loan Calculator
- If you want to pay off credit card debt faster→Credit Card Payoff Calculator
- If you have multiple debts to tackle→Debt Snowball / Avalanche Calculator
- If you're comparing loan offers→Loan Comparison Tool
- If you're considering refinancing→Refinance Savings Calculator
- If you want to know how much you can borrow→Personal Loan Affordability
- If you're looking at a HELOC→HELOC Payment Calculator
Common mistakes to avoid
- •Focusing only on monthly payment without checking total interest over the loan's life.
- •Confusing interest rate with APR—APR includes fees, so it's the truer cost measure.
- •Choosing a longer term just to get a lower payment (you'll pay far more interest overall).
- •Making extra payments but not confirming they're applied to principal, not future payments.
- •Ignoring origination fees, points, and closing costs when comparing loan offers.
- •Paying only the minimum on credit cards—interest compounds and balances barely shrink.
- •Refinancing without calculating break-even time for closing costs.
- •Assuming a low promotional APR lasts forever—check when the rate resets.
Editorial policy
- ✓All calculators provide educational estimates, not professional financial, tax, or legal advice.
- ✓Results depend on the assumptions you enter—double-check your inputs.
- ✓We don't sell or share personal data. Calculations run in your browser.
- ✓Formulas and key assumptions are disclosed in each tool.
- ✓Found an error? Email us at hello@everydaybudd.com and we'll fix it.
- ✓Tools are updated when tax laws, rates, or formulas change.