Payment Calculator
The Payment Calculator can determine the monthly payment amount or loan term for a fixed interest loan. Use the "Fixed Term" tab to calculate the monthly payment of a fixed-term loan. Use the "Fixed Payments" tab to calculate the time to pay off a loan with a fixed monthly payment. For more information about or to do calculations specifically for car payments, please use the Auto Loan Calculator. To find net payment of salary after taxes and deductions, use the Take-Home-Pay Calculator.
Modify the values and click the Calculate button to use
Fixed Term
Fixed Payments
Monthly Payment:
Total Interest:
$1,687.71
You will need to pay $1,687.71 every month for 15 years to payoff the debt.
Total of 180 Payments:
$303,788.46
Total Interest:
$103,788.46
Amortization Schedule
| Year | Interest Paid | Principal Paid | Ending Balance |
|---|
Loan Summary
Monthly Payment
$1,687.71
Total Interest
$103,788.46
Final Balance
$0.00
Total Cost Breakdown
Principal:
34%
Interest:
66%
Principal Amount:
$200,000.00
Total Interest:
$103,788.46
Total Cost:
$303,788.46