Loan and payments
See interest, fees and an amortization schedule together.
Your results
Enter values to calculate.
Inputs are sent to the server for calculation; only budget plans you choose to save are stored in your account.
Calculation method
A fixed nominal annual rate is divided by 12. Principal and interest are recalculated for each equal monthly payment.
A = P × r / (1 − (1+r)^−n); r = annual / 1200Assumptions and limits
Insurance, taxes and variable rates are excluded. This is not an APR calculation.
Sources
Worked example
- Principal
- 100,000.00
- Annual rate (%)
- 12.00
- Number of months
- 24.00
- Upfront fee
- 0.00
Monthly payment4,707.35