CALCULATOR
Loan Payment Calculator
Change the example inputs to calculate your own result.
How the calculation works
Payment = P × monthly rate / (1 − (1 + monthly rate)^(-payments)); at zero rate P / payments.
Worked example
With starting amount 1,000.00 USD, annual rate 5 %, number of payments 12 months, loan payment is 85.61 USD/month.
Assumptions and limits
Fixed monthly payments, constant nominal annual rate, payments at month end. Excludes fees and taxes.