Amortizing Loan Payment Calculator

Make sure you get the right loan.

Calculate your monthly payment, or figure out how much you can borrow comfortably.

When you're getting a loan, it's all about getting the funds you need with monthly payments that fit your budget. This calculator helps you find that sweet spot. Enter your loan amount to see your monthly payment, or enter what you want to pay each month and see how much you can borrow. You'll see your principal balances by payment, total of all payments made, and total interest paid, along with the time needed to pay off your loan.

By changing any value in the following form fields, calculated values are immediately provided for displayed output values. Click the view report button to see all of your results.



Financial Calculators from
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Total interest paid:
Total payments:
**FIG_GRAPHTITLE** Line Graph: Please use the calculator's report to see detailed calculation results in tabular form.
**FIG_GRAPHTITLE** Stacked Column Graph: Please use the calculator's report to see detailed calculation results in tabular form.

Definitions

Monthly payment

Monthly payment for this loan.

Term in months

Number of months for this loan.

Loan amount

Total amount of your loan.

Interest rate

Annual interest rate for this loan. Interest is calculated monthly on the current outstanding balance of your loan at 1/12 of the annual rate.

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.