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Loan Payment Amount Calculator

This Loan Payment Amount Calculator helps you determine your fixed monthly loan payment based on the principal, interest rate, and loan term.

Monthly Loan Payment Estimator

Input Fields
P
$
Enter the loan principal amount
r
%
Enter the annual interest rate
n
years
Enter the loan term in years
If enabled, the result will update automatically when you change any value.

Loan Payment Calculation Formula

Formula
\[ \text{Monthly Payment} = \frac{P \times r}{1 – (1 + r)^{-n}} \]

Where:

  • $$P$$ = Loan principal (amount borrowed)
  • $$r$$ = Monthly interest rate (annual rate divided by 12)
  • $$n$$ = Total number of monthly payments
  • $$Monthly Payment$$ = Amount to be paid each month


The Loan Payment Amount Calculator helps you estimate how much you’ll pay monthly on a loan, making it easier to budget and compare different financing options like mortgages, personal loans, or auto loans.

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Number of Loan Payments

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