Loan Payment Calculator

Enter your desired payment and calculate your loan amount, or enter the loan amount and calculate your monthly payment. You can then examine your principal balances by the payment, the total of all payments made, and the total interest paid. Press the "View Report" button to see a monthly payment schedule.

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Definitions

Monthly payment: The monthly payment for this loan.
Loan amount: The total amount of your loan.
Term in months: The number of months for this loan to be repaid.
Interest rate: The annual interest rate for this loan. Interest is calculated monthly on the current outstanding balance of your loan at 1/12 of the annual rate.

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.