Loan Payment Calculator

Enter your desired payment - and let us calculate your loan amount. Or, enter in the loan amount and we will calculate your monthly payment. You can then examine your principal balances by payment, total of all payments made, and total interest paid. Press the report button to see a monthly payment schedule.
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.
Monthly loan payment is $400.76 for 60 payments at 7.5%.
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Calculate:
Calculate
Total interest paid:
$4,045.51
Total payments:
$24,045.51
Balances for a $20,000 loan Line Graph: Please use the calculator's report to see detailed calculation results in tabular form.
Total Principal and Interest by Payment 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 only as self-help tools for your independent use and are not intended to provide investment or tax 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.