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.
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.