💳 Payment Calculator

What is the Payment Calculator?

This tool solves the standard loan payment formula for whichever variable you're missing. Enter any two of the three key numbers — loan amount, monthly payment, and loan term — and it calculates the third, along with total interest paid over the life of the loan. It works for any fixed-rate installment loan: auto loans, personal loans, mortgages, or business financing, using the same amortization math lenders use to set your monthly bill.

How to Use It

Pick the tab that matches your question. "Find Monthly Payment" needs the loan amount, interest rate, and term, and returns what you'd pay each month plus total interest. "Find Loan Amount" needs your target monthly payment, rate, and term, and returns the maximum you could borrow. "Find Loan Term" needs the amount, payment, and rate, and returns how many months it takes to pay off.

When to Use It

Use it before applying for a loan to see what payment a given amount and rate would produce, or to reverse-engineer the loan size that fits your budget. It's also useful for comparing offers with different rates and terms side by side, or figuring out how much faster a loan is paid off at a higher monthly payment before you commit to a lender.

Who Benefits

Car and home buyers comparing financing offers, small business owners evaluating equipment loans, and anyone budgeting for a major purchase can use this to check a lender's numbers or plan payments before signing anything, catching errors or unfavorable terms while there's still time to negotiate.