Financial Calculators

Payment Calculator | Calculate Loan Payments Instantly

Payment Calculator | Calculate Loan Payments Instantly

Payment Calculator | Accurate Loan & Mortgage Calculations

Advanced Payment Calculator

Calculate your loan payments, interest costs, and visualize your payment schedule with our comprehensive financial tool

Loan Details

Loan Amount

$25,000

Interest Rate (%)

5.5%

Loan Term (Years)

5 years

Payment Frequency

Payment Results

Monthly Payment

$478.07

Total Interest

$3,684.23

Total Payment

$28,684.23

Payments

60

Rated 4.8/5 by Our Users

Over 1,200 financial professionals and individuals trust our calculator

Frequently Asked Questions

How is the monthly payment calculated?

The monthly payment is calculated using the formula for an amortizing loan: P = [r * PV] / [1 - (1 + r)^-n], where P is payment, r is monthly interest rate, PV is loan amount, and n is total number of payments.

Does this calculator account for extra payments?

Our standard calculator shows the base payment schedule. For advanced scenarios with extra payments, we recommend using our advanced payment calculator which includes additional payment options.

Are the results from this calculator accurate?

Yes, our calculator uses standard financial formulas and has been tested against professional financial software. Results are accurate for fixed-rate loans. For variable-rate loans, results may vary.

Can I calculate different payment frequencies?

Yes, you can select from monthly, quarterly, semi-annual, or annual payment frequencies. The calculator will adjust the payment schedule accordingly.

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