Loan Payment & Amortization Calculator
Use our loan calculator to determine your periodic payment amount or the time it will take to pay off your loan. Choose your calculation mode and enter the values to see a detailed amortization schedule.
How to Use the Loan Payment Calculator
This calculator helps you understand two key aspects of a loan. You can either calculate your required monthly payment if you know the loan term, or you can calculate how long it will take to pay off a loan if you know the monthly payment amount.
Fixed Term Mode: Enter the total loan amount, the annual interest rate, and the desired loan term in months. The calculator will determine the fixed monthly payment required to pay off the loan in that timeframe.
Fixed Payment Mode: Enter the total loan amount, the annual interest rate, and your desired fixed monthly payment. The calculator will determine the total number of months required to pay off the loan.