Online Calculators > Financial Calculators > Loan Calculator

# Loan Calculator

Loan Calculator to calculate loan payment and determine the monthly payments on a loan. Loan payment formula on how to calculate loan payments. Use this loan payment calculator for your home loan, personal loan or any other loan payments today. You will see the exact principal and interest that you will be paying per month or year. You can also use the mortgage payment calculator if you need to input more options for your home loan.

## Loan Payment Calculator

Loan Amount: (\$)
Loan Terms: years
Annual Interest Rate: %
First Payment Date:
Amortization:

### Loan Calculator Results

Loan Amount: \$100,000.00
Monthly Payment: \$764.99
Total # Of Payments: 180
Total Payment: \$137,698.79
Payoff Date: Sep, 2038

### Loan Amortization Schedule

Payment Date Payment # Interest Paid Principal Paid Remaining Balance
2023 3 \$1,120.61 \$1,174.37 \$98,825.63
2024 12 \$4,348.31 \$4,831.61 \$93,994.02
2025 12 \$4,126.35 \$5,053.57 \$88,940.44
2026 12 \$3,894.19 \$5,285.73 \$83,654.71
2027 12 \$3,651.36 \$5,528.56 \$78,126.15
2028 12 \$3,397.38 \$5,782.54 \$72,343.61
2029 12 \$3,131.73 \$6,048.19 \$66,295.42
2030 12 \$2,853.88 \$6,326.04 \$59,969.38
2031 12 \$2,563.26 \$6,616.66 \$53,352.72
2032 12 \$2,259.29 \$6,920.63 \$46,432.09
2033 12 \$1,941.36 \$7,238.56 \$39,193.53
2034 12 \$1,608.82 \$7,571.10 \$31,622.43
2035 12 \$1,261.01 \$7,918.91 \$23,703.52
2036 12 \$897.21 \$8,282.71 \$15,420.81
2037 12 \$516.71 \$8,663.21 \$6,757.60
2038 9 \$127.34 \$6,757.60 \$0.00

## Loan Payment Formula

The loan payment formula is shown below on how to calculate loan payments.
P = r(PV)/(1-(1+r)^-n), where
P = Payment
PV = Present value
r = rate per period
n = # of periods

# How to Calculate Loan Payments

To use the loan payment formula, you will need a few variables such as the loan amount, annual interest rate and the loan terms.
For example, here's how to calculate monthly payment on a loan with loan amount of \$100,000, 5% interest rate and loan terms of 10 years.
Monthly Payment = ((100000 * 5/12/100) / (1 - 1 / (1 + 5/12/100)^10*12)) = \$1,060.66
The monthly payment for the loan is \$1,060.66.
Loan Calculator Excel

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