Loan Payment Calculator — Monthly Payment
CalculatorA loan payment calculator estimates equal monthly payments and total paid for an amortizing loan.
What is it
An amortizing loan spreads principal and interest across equal monthly payments. Real lender terms, fees, and rate rules can change the result.
payment = P×r×(1+r)^n / ((1+r)^n-1)
How to use
- 1Enter loan amount.
- 2Enter annual rate and months.
- 3Check monthly payment and total paid.
Reference
| Principal | Rate | Months | Payment |
|---|---|---|---|
| 10000000 | 5% | 36 | 299708 |
Sources & standards
- Percent - Wolfram MathWorld
FAQ
What is the monthly payment for 10,000,000 at 5% for 36 months?
The equal monthly payment is about 299,708.
Will this match my lender exactly?
No. Grace periods, fees, rate rules, and lender policies can change the actual payment.