Find the monthly payment on any loan from the amount, interest rate and term.
How this calculator arrives at its answer
Enter a loan amount, rate and term to get the fixed monthly payment, total paid and total interest. It uses the standard amortized-payment formula.
How to use it
- Enter your figures in the fields provided.
- The result updates as you type.
- Review the breakdown below the main number.
How the number is calculated
payment = P × r ÷ (1 − (1+r)⁻ⁿ)
Try it with these numbers
As an example, with a loan amount of 250,000, the calculator returns a monthly payment of $1,580.17. Underneath, Monthly payment comes out at $1,580.17 and Total paid at $568,861.22. Change any field and every figure updates as you type.
Common questions
How is the payment worked out?
With the amortization formula, spreading principal and interest into equal monthly payments over the term.
Does it include taxes or fees?
No — it covers principal and interest only.