Money · FREE CALCULATOR
Loan Payment Calculator
Estimate monthly principal-and-interest payments on a fixed-rate loan. Change the sample numbers to get an instant estimate tailored to your situation.
Your inputs
Adjust any value to update the results.
Calculated results
Based on your current inputs
Calculating…
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Calculation chart
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How this calculator works
Enter loan amount, annual percentage rate as a number (such as 7 for 7%), and term in years.
Formula
Monthly payment = P × r ÷ (1 − (1 + r)^(−n)); r = APR ÷ 12 and n = months.
Before you use the result
Calculator outputs are estimates based on the numbers you provide. Replace the examples with measurements, costs, rates, or product information appropriate to your situation.
Keep in mind
Assumes a fixed annual rate with monthly payments. Excludes lender fees, insurance, property taxes, and other charges. Actual APR conventions may differ.