Loan Monthly Payment Calculator

Loan
1 minute

Want to know how much you’ll be paying each month on your loan? Use the loan monthly payment online calculator to see! Input your loan amount, loan term, and interest rate to see how much you’ll be spending on your loan each month.

Loan amount
$
Interest rate
%
Number of period
%
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    210 Number of calculations
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    P = \frac{L \cdot \frac{r}{12}}{1 - (1 + \frac{r}{12})^{-n}}

    where:

    • P is the monthly payment.
    • L is the loan amount.
    • r is the annual interest rate (expressed as a decimal).
    • n is the number of payments (usually the total number of months).