Loan Calculator

Estimate fixed-rate monthly payments from amount, rate, and term. When upfront fees affect true borrowing cost, use the APR calculator to estimate APR from rate and fees.

Loan Amount: Interest Rate (% yearly): Years:

Result
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How this calculation works

What each input means

Loan amount (P) — Principal borrowed.
Interest rate (% yearly) — Nominal annual rate; monthly rate r = (annual ÷ 100) ÷ 12.
Years — Loan term; number of monthly payments n = years × 12.

Formula used

Fixed-rate payment (same standard amortization as the mortgage calculator):

M = P × r / (1 − (1 + r)⁻ⁿ)

If the annual rate is 0%, use M = P ÷ n. The standard formula above assumes a positive monthly rate. Excludes fees, taxes, and lender rounding.

How this result is estimated

This loan payment calculator applies the formulas described on this page to the values you enter. Outputs are not financial, tax, legal, or medical advice.

Inputs are user-provided and may include rounding.
Where accuracy, eligibility, or obligations matter, rely on official disclosures and licensed professionals.

Last reviewed: 2026-04-17

Frequently asked questions

Is this calculator result exact?

It is an estimate based on your inputs and may differ from official or provider-specific calculations.

Does this site provide financial, tax, or legal advice?

No. Each tool applies explicit formulas to values you supply. Financial, tax, and legal conclusions belong with licensed professionals and official documents.

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