Loan Payment Calculator (PMT)
PV (present value): current principal amount.
Annual nominal rate. Rate per period = annual rate / 12.
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.
Balance trend
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 |
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Useful links
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.