Payment inputs
Find a monthly payment from amount financed, interest rate, and repayment term.
Payment
0
Total paid
0
Total interest
0
Finance
Payment Calculator
Calculate the periodic payment needed to pay off a loan or financed purchase over a term entered in years or months.
This calculator is for general information only and is not financial, tax, lending, investment, or legal advice. Actual loan terms, rates, fees, taxes, and qualification rules can vary by lender, country, and personal situation.
Formula
Payment = P x r x (1 + r)^n / ((1 + r)^n - 1), adjusted for the selected payment frequency.
Example
$30,000 at 6.5% for 5 years has a monthly payment of about $587.
Result notes
- Results are estimates based on the values you enter.
- Calculators with schedules show how values change over time.
- For financial, health, or construction decisions, compare these estimates with professional advice when needed.
Frequently asked questions
Is this the same as a loan calculator?
It uses the same amortization math, but focuses on the recurring payment amount.
Can I use biweekly payments?
Yes. Choose biweekly to estimate 26 payments per year.
Does this include fees?
Only if you include fees in the amount financed.