Loan Calculator

Amortizing loan — monthly payment

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{{ __t('total_paid') }}{{ result.totalPaid }}
{{ __t('total_interest') }}{{ result.totalInterest }}

How is the monthly payment computed?

For an amortizing loan, the monthly payment is M = P × i / (1 − (1+i)^−n), where P is the principal, i is the monthly rate (annual rate ÷ 12) and n the number of months. The payment stays constant — early on, most goes to interest; later, principal dominates.