Principal in dollars, rate as annual percentage, term in years. Result is monthly payment in dollars.

Payment Calculator

Find the monthly payment for a loan. Enter principal, annual interest rate, and term in years.

Principal ($)

Annual Rate (%)

Term (years)

Monthly Payment

$456

Adding $100/month extra to principal: loan paid off in about 2.5 years (vs 3 years with no extra).

Extra $/month (0–500)

Each bar shows total principal and interest paid in that year. Early years are mostly interest.

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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