Results are estimates for general informational purposes and do not include fees, taxes, insurance, or other costs unless entered.
How to use this calculator
Enter the requested values, review any options that affect the calculation, and select Calculate. The main answer appears beside the form, with supporting details below it.
How the calculation works
Monthly payment = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1), where r is the monthly rate and n is the number of payments. At 0% interest, principal is divided evenly by the payment count.
Example
A $25,000 five-year loan at 6.5% has a monthly principal-and-interest payment of about $489.15.
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Frequently asked questions
What costs are included?
Only principal and interest. Insurance, taxes, fees, and other charges are not included.
Does 0% interest work?
Yes. The loan amount is divided evenly across the monthly payments.