Loan Payment Calculator

Inputs

Loan amount *

$

Annual rate *

%

Term *

months

Calculate Reset

Results

Enter values and click Calculate to see results.

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How to use this calculator

1. Fill in the inputs above using the units you already have.
2. Values update automatically as you type — no submit button needed.
3. Hover any result row for the underlying formula and intermediate values.

Formula

Uses the standard amortizing-loan formula: M = P · r / (1 − (1 + r)⁻ⁿ).

In depth

Calculate monthly payments, total cost, and total interest for any fixed-rate amortizing loan.

Frequently asked questions

Does this handle interest-only loans?

No — this tool assumes a standard amortizing loan where every payment includes both principal and interest.

Spot an issue or have a suggestion?

Our editors read every message. If the math looks off, tell us the inputs you used and what you expected.

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