Loan Payment
MONEY & BUSINESS
Loan Payment
Calculate a fixed monthly principal-and-interest payment.
UNDERSTAND YOUR RESULT
How it works
Calculate a fixed monthly principal-and-interest payment.
THE CALCULATIONpayment = Pr / (1 − (1+r)^−n), r = annual rate/1200
Using this calculator
Enter loan principal, annual nominal rate (%), monthly payments. payment = Pr / (1 − (1+r)^−n), r = annual rate/1200.
What to keep in mind
An arithmetic scenario using your own inputs. Use one currency throughout. No live rates, fees, legal tax rules or personal financial advice are included.
Sources & further reading
CFPB · Understanding amortization ↗Frequently asked questions
Are my entries saved?
No. Calculator inputs remain in the current page and are cleared when you reload or leave. The tools do not upload your entries.
Why are results rounded?
The display is rounded for readability. Calculations use unrounded intermediate values. An estimate should not be interpreted as an exact measurement.