Calculate the monthly payment amount of a loan for a given term and interest rate.

Loan Amount:

Loan term in years:

Interest rate (year):

Your Monthly Payment:

What is this Loan Calculator?
This loan calculator will help you determine the monthly payments on a loan. Simply enter the loan amount, term and interest rate in the fields below and click calculate. This calculator can be used for mortgage, auto, or any other fixed loan types.

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Interest Only Loan
The loan payment calculation for an interest only loan is easier. Multiply the amount you borrow by the annual interest rate. Then divide by the number of payments per year.