Loan Payment Calculator
See the monthly payment, total interest, and payoff timing for a fixed-rate loan.
Loan outputs are estimates and should be checked against the lender's actual terms, fees, and schedule.
Calculator
Results update as you type
Example
A $10,000.00 loan at 5% over 5 years gives a monthly payment around $188.71.
Formula
The math behind the result
How it works
A clean flow from input to answer
- 1Enter the loan amount, rate, and term.
- 2Add an extra monthly payment if you want to see payoff acceleration.
- 3Review the base payment, total interest, and amortization table.
FAQ
Common questions
What happens at a 0% interest rate?
The payment becomes a straight division of the principal by the number of months.
Does the extra payment always save interest?
Yes, as long as the loan has positive interest and the extra payment is actually applied every month.
Can this model a business loan?
Yes. It is a fixed-rate monthly-payment calculator, which fits many simple business loan structures.
Is the amortization table full or partial?
The current view shows the early schedule to keep the page readable. A downloadable export can be added later.
Does it include lender fees?
No. Fees and closing costs are not included in the base formula.