Loan Payment Calculator

Enter the interest rate, mortgage length, and either the loan amount or monthly payment to calculate your financing options. Feel free to experiment with different values to find what works best for you.

Please refrain from using percent signs (%) or commas in the form fields.

This calculator lets you make a number of different loan calculations quickly, one after another.

A loan calculation involves the following four values:

  • Loan Length -- number of years
  • Loan Amount -- number of dollars
  • Interest Rate -- rate at which loan is compounded annually
  • Monthly Payment -- dollar amount to repay loan in the specified time.

This calculator can compute any one of the above four values. In the form below, specify any three of the values, and specify 0 for the fourth value. The calculator computes the fourth value, and prints out a loan amortization table.

Number of Years of Loan
Compound Annual Interest Rate (%)
Total Amount of Loan
Monthly Payment
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