Calculator tool
This calculator uses the standard amortization formula to compute the fixed monthly payment for a loan given the principal, annual interest rate, and loan term in years.
Review the inputs carefully and treat the output as an estimate. For decisions involving money, taxes, health, law, or security, compare the result with trusted professional guidance when needed.
How does the interest rate affect my payment?
Even a small difference in interest rate significantly impacts total cost over a long loan term. A 1% difference on a $200,000 loan over 30 years adds tens of thousands in interest.
Personal Loan Calculator
Calculate monthly payments, total cost, and interest for personal loans based on your loan amount, rate, and term.
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Find how many months it will take to pay off a loan based on the balance, interest rate, and monthly payment.
Open toolAmortization Calculator
See exactly how each mortgage payment is split between principal and interest over the loan term.
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