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Estimate the monthly payment on a fixed-payment loan from its amount, interest rate, and term.
Estimated monthly payment
304.22
Total interest
951.90
Total paid
10,951.90
Estimate based on fixed payments. Does not include fees, insurance, taxes, or other costs a financial institution may charge.
The result updates directly based on the values you enter.
The calculations are done in your browser without sending the data to a server.
No registration, subscription, or paid API required.
The calculator uses the standard amortization formula for fixed payments, with a monthly rate derived from the annual rate.
No. The calculation only considers the amount, interest and time.
The amount is divided by the number of months, without adding interest.
No. It is an approximate mathematical estimate and does not replace the terms offered by a financial institution.