Loan Payment Calculator
Estimate your monthly payment and total cost for a loan — enter amount, annual rate and term in months.
What is the formula behind the Loan Payment Calculator?
Amount × (r × (1 + r)^n) ÷ ((1 + r)^n − 1), r = Tax rate (%) ÷ 100 ÷ 12, n = Loan term (months)
Percentage FAQ
How does the Loan Payment Calculator work?
Estimate your monthly payment and total cost for a loan — enter amount, annual rate and term in months. Example: Amount × (r × (1 + r)^n) ÷ ((1 + r)^n − 1), r = Tax rate (%) ÷ 100 ÷ 12, n = Loan term (months).
What is the formula behind the Loan Payment Calculator?
Amount × (r × (1 + r)^n) ÷ ((1 + r)^n − 1), r = Tax rate (%) ÷ 100 ÷ 12, n = Loan term (months).
Can you show a calculation example?
Example: Amount: 10,000, Tax rate (%): 6, Loan term (months): 12 → Monthly payment: 860.6643.
Is the Loan Payment Calculator free and private?
Yes. Everything is calculated in your browser on your device: the numbers you enter never leave it. No registration, no usage limits and no collection of your inputs.