Payment Calculator
Find the monthly payment for a loan. Enter principal, annual interest rate, and term in years.
Payment Calculator
Monthly Payment
$456
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Extra payments to reduce term
Adding $100/month extra to principal: loan paid off in about 2.5 years (vs 3 years with no extra).
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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