Monthly Loan Payment Calculator

Description Data Entry
Loan Amount
Loan Length in Months
Interest Rate
Monthly Payment equals Calculated
Enter only numeric values (no commas), using decimal points where needed.  For example, enter ".04" for a "4%" interest rate or ".045" for a "4 1/2%" interest rate, etc..  Non-numeric values will cause errors. DO NOT ENTER ANY VALUE IN THE "CALCULATED" BOX.  It will be filled with the monthly payment value.

The results of this loan payment calculator are for comparison purposes only.  It will be a close approximation of the actual loan payments if available at the terms entered from a financial institution. This is being provided for you to plan your next loan application.