Source: https://adamou-financial-consulting.vercel.app/tools/loan-payment/

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Debt & borrowing

 

# Loan payment calculator

 

Estimate the monthly principal and interest for a fixed-rate loan.

  [ 
    
   Use the calculator
](https://adamou-financial-consulting.vercel.app/#tool-loan) [ 
    
   Before you begin
](https://adamou-financial-consulting.vercel.app/#prepare) [ 
    
   See an example
](https://adamou-financial-consulting.vercel.app/#worked-example)  

Private calculations in your browser. No account required.

 

Your calculator

Loan payment

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Changes units and formatting, not exchange rates. Enter every amount in the selected currency.

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EXPLORE YOUR NUMBERS

## Loan payment

Estimate the monthly principal and interest for a fixed-rate loan.

Amount borrowed 

(USD)

Annual interest rate 

(%)

Loan term 

(years)

CalculateReset example

Example values are shown. Change them to explore your situation.

How this estimate works

Payment = principal × r / (1 − (1 + r)^(−n)), where r = annual rate / 1200 and n = years × 12. At zero interest, payment = principal / n.

Fixed rate, equal monthly payments, and monthly interest. Use the interest rate, not an APR that includes fees. Excludes fees, insurance, property taxes, and other costs. A lender’s actual payment may differ.

 

BEFORE YOU BEGIN

 

## Bring the right numbers.

 

Estimates are enough to explore. Keep every money amount in the same
        selected currency.

   
- 01

 

The principal: the amount being borrowed.

- 02

 

A fixed annual interest rate, rather than an APR that includes fees.

- 03

 

The loan term in whole years.

 

MAKE THE RESULT USEFUL

 

## What to look for.

 

Use the amount borrowed, a fixed interest rate, and the repayment term. Compare the monthly payment and total interest together. Budget separately for fees, insurance, or other costs this estimate does not include.

 [
Discuss your next step with Matt
](https://adamou-financial-consulting.vercel.app/contact/?goal=goals) 

Your calculator inputs are not included in your inquiry.

   

WORKED EXAMPLE · USD

 

###  Monthly principal and interest: $386.66 

   Amount borrowed  $20,000.00   Annual interest rate  6 %   Loan term  5 years    

$3,199.36 interest · $23,199.36 total paid. Other costs excluded.

 

The example matches the starting inputs. It is an illustration, not a
        recommendation.

 

TRY ANOTHER SCENARIO

 

## 
Change one thing.
  Notice the difference.

   

Compare two loan terms at the same principal and rate. Read the monthly payment alongside total interest; a payment on its own does not describe the total cost in this model.

 [
Return to your numbers
](https://adamou-financial-consulting.vercel.app/#tool-loan) 

Changing inputs here does not send them to Matt or save them between
        visits.

 

A FEW THINGS YOU MAY BE WONDERING

 

## 
Good questions.
  Clear answers.

     What is included in the monthly payment? 

  

Only principal and interest under the fixed-rate model. Fees, insurance, property taxes, and other charges are excluded and may affect an actual payment or borrowing cost.

   What happens at zero interest? 

  

The principal is divided by the number of monthly payments. There is no modeled interest, but fees or other real-world costs may still exist outside this calculator.

 

KEEP EXPLORING

 

## Build a fuller picture.

 

Three related tools for your next question.

  [
View all tools
](https://adamou-financial-consulting.vercel.app/tools/)   [ 

 

### Monthly budget

 

See what’s left after your monthly commitments.

 ](https://adamou-financial-consulting.vercel.app/tools/monthly-budget/)[ 

 

### Debt payoff

 

Compare what a fixed monthly payment could mean for one balance.

 ](https://adamou-financial-consulting.vercel.app/tools/debt-payoff/)[ 

 

### Savings goal

 

Estimate how many monthly contributions reach your goal.

 ](https://adamou-financial-consulting.vercel.app/tools/savings-goal/)