What's the difference between simple and compound interest?

Simple interest applies only to the principal amount. Compound interest applies to principal plus accumulated interest. Most loans use compound interest.

How does an amortization schedule work?

The schedule shows month by month the payment amount, how much goes to interest, how much reduces principal, and the remaining balance.

Is it better to have a short or long loan term?

Short terms have higher monthly payments but lower total interest. Long terms have lower payments but cost more over time.

Can I make extra payments on my loan?

Most lenders allow extra payments toward principal, which reduces total interest paid and shortens the loan term.

What happens if I miss a payment?

Late payments typically incur fees and can damage your credit score. Contact your lender immediately if you're having trouble making payments.

Calculadora de Financiamento

Calcule parcelas, juros e amortização de empréstimos

Valor do Empréstimo

Taxa de Juros (%/ano)

Prazo (meses)

How to Use the Loan Calculator

Enter the Loan Amount

Input the total amount you want to finance, such as the price of a home or vehicle.

Set the Interest Rate

Enter the annual interest rate offered by the financial institution.

Choose the Term

Select the number of months for the loan repayment period.

Analyze the Results

View the monthly payment amount, total interest, and complete amortization schedule.

Smart Financing Tips

Dicas profissionais para financiamentos

Compare Interest Rates

Shop around different banks and lenders. A 1% difference in rate can represent thousands of dollars in savings.

Evaluate the Ideal Term

Longer terms reduce monthly payments but increase total interest. Find the right balance for your situation.

Consider Down Payments

Larger down payments reduce the loan amount and can qualify you for better interest rates.

Keep Payments Under 28% of Income

Limit loan payments to maintain financial stability and qualify for better terms.