Loan Payment Calculator
any fixed-rate loan
—
Monthly loan payment
—
Principal
—
Total interest
—
Total payable
—
Rate entered
Loan payment snapshot
Enter the amount, rate and term to get an exact fixed monthly payment using the standard amortization formula.
Related tools
How loan payments are computed
- Amortization: every payment covers interest first, then principal. Early payments are mostly interest.
- Formula: M = P × [r(1+r)^n] ÷ [(1+r)^n − 1].
- Prepayment: extra principal early in the loan saves the most interest.
Estimate only: Estimate only — actual loan terms vary by lender.