Online Calculators > Financial Calculators > Loan Calculator

Loan Calculator

Loan Calculator to calculate loan payment and determine the monthly payments on a loan. Loan payment formula on how to calculate loan payments. Use this loan payment calculator for your home loan, personal loan or any other loan payments today. You will see the exact principal and interest that you will be paying per month or year. You can also use the mortgage payment calculator if you need to input more options for your home loan.

Loan Payment Calculator

Loan Amount: ($)
Loan Terms: years
Annual Interest Rate: %
First Payment Date:
Amortization:

Loan Calculator Results

Loan Amount: $100,000.00
Monthly Payment: $764.99
Total # Of Payments: 180
Total Payment: $137,698.79
Payoff Date: Nov, 2039

Loan Amortization Schedule

Payment Date Payment # Interest Paid Principal Paid Remaining Balance
2024 1 $375.00 $389.99 $99,610.01
2025 12 $4,384.34 $4,795.58 $94,814.43
2026 12 $4,164.04 $5,015.88 $89,798.55
2027 12 $3,933.61 $5,246.31 $84,552.23
2028 12 $3,692.59 $5,487.33 $79,064.91
2029 12 $3,440.51 $5,739.41 $73,325.49
2030 12 $3,176.84 $6,003.08 $67,322.41
2031 12 $2,901.06 $6,278.86 $61,043.55
2032 12 $2,612.61 $6,567.31 $54,476.24
2033 12 $2,310.91 $6,869.01 $47,607.22
2034 12 $1,995.34 $7,184.57 $40,422.65
2035 12 $1,665.29 $7,514.63 $32,908.02
2036 12 $1,320.07 $7,859.85 $25,048.16
2037 12 $958.99 $8,220.93 $16,827.23
2038 12 $581.32 $8,598.60 $8,228.63
2039 11 $186.30 $8,228.63 $0.00


Loan Payment Formula

The loan payment formula is shown below on how to calculate loan payments.
P = r(PV)/(1-(1+r)^-n), where
P = Payment
PV = Present value
r = rate per period
n = # of periods

How to Calculate Loan Payments

To use the loan payment formula, you will need a few variables such as the loan amount, annual interest rate and the loan terms.
For example, here's how to calculate monthly payment on a loan with loan amount of $100,000, 5% interest rate and loan terms of 10 years.
Monthly Payment = ((100000 * 5/12/100) / (1 - 1 / (1 + 5/12/100)^10*12)) = $1,060.66
The monthly payment for the loan is $1,060.66.
Loan Calculator Excel


Electrical Calculators
Real Estate Calculators
Accounting Calculators
Business Calculators
Construction Calculators
Sports Calculators
Physics Calculators
Random Generators



Financial Calculators
Compound Interest Calculator
Mortgage Calculator
How Much House Can I Afford
Loan Calculator
Stock Calculator
Investment Calculator
Retirement Calculator
401k Calculator
eBay Fee Calculator
PayPal Fee Calculator
Etsy Fee Calculator
Markup Calculator
TVM Calculator
LTV Calculator
Annuity Calculator
How Much do I Make a Year

Math Calculators
Mixed Number to Decimal
Ratio Simplifier
Percentage Calculator

Health Calculators
BMI Calculator
Weight Loss Calculator

Conversion
CM to Feet and Inches
MM to Inches

Others
How Old am I
Random Name Picker
Random Number Generator