Loan and monthly payment calculator
Calculate a loan payment with a fixed installment (French) or fixed principal (German) schedule from the amount, annual rate and term, with a full amortization table.
- Payment
- —
- Total paid
- —
- Total interest
- —
- Effective annual rate
- —
| # | Payment | Interest | Principal | Balance |
|---|
How it works
Enter the amount, the nominal annual interest rate and the number of monthly payments. With a fixed-installment (annuity) schedule the payment stays the same and you pay more interest at the start; with fixed principal the payment decreases each month.
You will see the first payment, the total paid, the total interest and the month-by-month table with interest, principal and balance, which you can download as CSV to open in Excel.
Frequently asked questions
What is the difference between APR and APY?
APR is the nominal annual rate, divided by 12 to get the monthly rate. APY includes the effect of compounding and is always higher.
Does the payment include taxes and insurance?
No. The calculator shows principal and interest. Lenders may add fees, insurance and taxes to the total cost.
Related tools
Date calculator: days between dates, add days and age
Count the days between two dates (calendar and business days), add or subtract days, weeks, months or years, and calculate exact age.
Open toolRandom number generator and giveaway picker
Generate random numbers in a range, unique or with decimals, roll dice and flip coins, and pick winners from a list. Ideal for social media giveaways.
Open toolPercentage calculator
Find X% of a number, what percentage one value is of another, the percentage change between two numbers and prices after a markup or discount.
Open toolVAT and sales tax calculator
Add or remove VAT or sales tax from a price at any rate (20%, 21%, 10.5% or custom) and get the net amount, tax and total.
Open toolNeed a custom tool for your business?
Tell us about your case and in 30 minutes we'll give you a clear diagnosis: what's going on, what to do first and what it might cost. No strings attached.