Many consumer loans fall into this category of loans that have regular payments that are amortized uniformly over their lifetime. Routine payments are made on principal and interest until the loan reaches maturity (is entirely paid off). Some of the most familiar amortized loans include mortgages, car loans, student loans, and personal loans. The word "loan" will probably refer to this type in everyday conversation, not the type in the second or third calculation. Below are links to calculators related to loans that fall under this category, which can provide more information or allow specific calculations involving each type of loan. Instead of using this Loan Calculator, it may be more useful to use any of the following for each specific need:, Free loan calculator to find the repayment plan, interest cost, and amortization schedule of conventional amortized loans, deferred payment loans, and bonds., The loan interest calculator (or interest calculator on loan) is a simple tool that helps you estimate the interest on your loan. In addition, you can check the loan's balance including periodic interest and principal payments in the loan amortization schedule, and learn good practices when it comes to taking out loans, like how to compare mortgage rates before closing the deal. In the .