How to use this calculator
Compare amortized payments, a deferred balance at maturity, or the present value of a zero-coupon obligation. Payment and compounding frequencies are independent; the effective periodic rate accounts for both. Optional extra principal reduces the balance, while upfront fees are paid separately.
- Enter what would you like to find?, known payment per period, loan calculation and review the remaining options.
- Select Calculate or change a value to update the result. Read the result label and units before copying.
- Use Reset to restore the worked starting values.
Formula and method
Constant nominal rate. Custom payment dates outside monthly mode are approximate calendar labels; interest follows equal modeled periods. No lender-specific day counts, penalties, or fee-inclusive regulatory APR.
Worked example
A 10,000 loan at 6% over 5 years costs approximately 193.33 per month.
Questions about loan payment calculator
How does this differ from the amortization calculator?
This tool answers the monthly payment and total borrowing-cost question using a fixed rate and term. Amortization Schedule shows every payment’s interest, principal, and remaining balance, with an extra-principal input.
Choose the tool for your question
- Amortization Schedule: Inspect each payment and compare extra-principal scenarios.
What assumptions should I check?
Constant nominal rate. Custom payment dates outside monthly mode are approximate calendar labels; interest follows equal modeled periods. No lender-specific day counts, penalties, or fee-inclusive regulatory APR.
Are my inputs saved?
Calculations run in your browser. We store only tool IDs for favorites and recent tools. Sharing inputs in links is disabled for this category.
Financial tools model the assumptions shown above and do not predict actual returns or replace lender disclosures or professional advice. Amounts are currency-neutral: use the same currency for every amount. No exchange rate is applied.