Model principal, interest rate, and term with a month-by-month balance schedule.
Monthly payment-
Total interest-
Total repayment-
Amortization schedule
Payment
Principal
Interest
Balance
Method
Financial calculation method
Results use the entered rate, term, payment timing, and price assumptions. Periodic rates are derived from the nominal annual rate shown in the form.
These calculations are planning estimates. Lender schedules, fees, taxes, rounding policies, and payment dates can change an actual quote or statement.
Questions
Loan Calculator FAQ
How is a monthly loan payment calculated?
A fixed-payment loan uses the periodic interest rate and total number of payments to amortize principal to zero.
Does the result include fees?
No. The calculation uses entered principal and interest only unless fees are included in the loan amount.
