Loan Payment Calculator

Fixed positive rate, equal end-of-month amortizing payments. Excludes taxes, insurance, fees and deferral periods. Months must be a positive integer.

Your workbenchInputs are not stored

Result

Enter your values and run the tool to see your result.

Check the units, enter your values, and run the tool. Results follow the assumptions and method below.

Monthly principal and interestprincipal*(rate/1200)/(1-(1+rate/1200)^(-months))

Total paymentsprincipal*(rate/1200)/(1-(1+rate/1200)^(-months))*months

Total interestprincipal*(rate/1200)/(1-(1+rate/1200)^(-months))*months-principal