Payment Calculator
Find the monthly payment for a loan. Enter principal, annual interest rate, and term in years.
Live · updates as you type
Monthly Payment
$456.33
- × months36
- Total paid$16,428
- Interest$1,428
Total cost$16,428over 3 years
- Principal$15,000(91%)
- Interest$1,428(9%)
Payment Calculator
Drag the sliders · everything updates instantly
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Try these·What if…
r = 7%
If rate were 7.00%
$463.16
+$6.83/mo
n = 15y
If you chose a 15-year term
$126.58
costs +$6,356
x = $200
If you paid +$200/mo extra
2.1y
saves 0.9y of payments
How it works
Standard loan payment formula: payment = P × [r(1+r)^n] / [(1+r)^n − 1].
Frequently asked questions
Principal in dollars, rate as annual percentage, term in years. Result is monthly payment in dollars.
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