How does a payment calculator work?

A payment calculator can compute a fixed-rate loan’s monthly payment or term. Using the "Fixed payments" option, you can calculate the time it will take to repay a loan with a fixed monthly fee. A loan is a legally binding agreement between a borrower and a lender.

How does a loan payment calculator work?

With our loan payment calculator, you can quickly compute the amount of money you need to devote for loan repayment over a payment period. This device will also give you the total amount you need to pay back during the whole loan term. Alternatively, you can use it to compute the loan amount from the loan payments.

How do I calculate a monthly payment on a loan?

Define the monthly payment amount or time period to pay off a loan with a set term or fixed payment with our free payment calculator. A payment calculator can compute a fixed-rate loan’s monthly payment or term. Using the "Fixed payments" option, you can calculate the time it will take to repay a loan with a fixed monthly fee.