Loan Payment Calculator (PMT)

Currency

Loan amount

PV (present value): current principal amount.

Annual rate (APR, %)

Annual nominal rate. Rate per period = annual rate / 12.

Term (months)

Total number of periods (months).

Result

Monthly payment

$22,264.60

Total paid

$1,068,700.73

This result is informational only and is not professional advice.

Principal$800,000.00

Interest$268,700.73

Balance trend

Month 1$787,735.40

Month 10$670,220.11

Month 19$538,803.68

Month 28$391,841.71

Month 37$227,495.29

Month 46$43,707.98

Payment schedule

Long schedules are grouped for easier scanning

Period	Payment	Interest	Principal	Balance
1-3	$66,793.80	$29,538.16	$37,255.63	$762,744.37
4-6	$66,793.80	$28,123.54	$38,670.26	$724,074.11
7-9	$66,793.80	$26,655.20	$40,138.59	$683,935.51
10-12	$66,793.80	$25,131.11	$41,662.68	$642,272.83
13-15	$66,793.80	$23,549.15	$43,244.65	$599,028.18
16-18	$66,793.80	$21,907.12	$44,886.68	$554,141.51
19-21	$66,793.80	$20,202.74	$46,591.05	$507,550.45
22-24	$66,793.80	$18,433.65	$48,360.15	$459,190.30
25-27	$66,793.80	$16,597.38	$50,196.42	$408,993.88
28-30	$66,793.80	$14,691.38	$52,102.41	$356,891.47
31-33	$66,793.80	$12,713.02	$54,080.78	$302,810.70
34-36	$66,793.80	$10,659.53	$56,134.26	$246,676.43
37-39	$66,793.80	$8,528.08	$58,265.72	$188,410.71
40-42	$66,793.80	$6,315.69	$60,478.11	$127,932.60
43-45	$66,793.80	$4,019.29	$62,774.51	$65,158.10
46-48	$66,793.80	$1,635.70	$65,158.10	$0.00

Find the monthly payment first, then see the total repaid and total interest on the same screen.

Estimate monthly loan payment, total repaid, and total interest from amount, rate, and term with a fixed-payment PMT model.

Use this calculator when you need a quick, practical estimate from principal, fixed annual rate, and number of months.

You get estimated periodic payment (pmt), total amount repaid over term, and implicit interest paid over term.

Primary assumption: A fixed rate and fixed payment schedule are assumed.

What this calculator shows

Estimated periodic payment (PMT)
Total amount repaid over term
Implicit interest paid over term

What to keep in mind

A fixed rate and fixed payment schedule are assumed.
Compounding is modeled on regular monthly periods.
Fees and irregular payment structures are not included.

FAQs

What is included in this estimate?

The calculator focuses on estimated periodic payment (pmt), total amount repaid over term, and implicit interest paid over term.

Can I compare multiple scenarios?

Yes. Change one input at a time and compare estimated periodic payment (pmt) and total amount repaid over term.

Can I treat this as a final legal or financial quote?

No. The model uses assumptions such as: Fees and irregular payment structures are not included.

Is this the same PMT concept as spreadsheet functions?

Yes, for fixed-rate, fixed-period loan payments.

Worked example

Example: $10,000 at 7% for 36 months

Input: Principal: $10,000; APR: 7%; Term: 36 months

Output: PMT: about $308.77 per month

Note: This aligns with the common spreadsheet PMT-style interpretation.

Useful links

All tools in Finance calculators for loans, mortgages, interest, and everyday money checks Loan Payment Calculator (PMT): scenarios Finance scenarios

Loan Payment Calculator (PMT)

Result

Related tools

Loan Calculator: Monthly Payment and Total Cost

Amortization Calculator: Principal, Interest, and Balance Schedule

Mortgage Calculator: Monthly Principal and Interest Payment

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