What this tool does
The calculator uses a standard fixed-rate amortization formula. Fees, insurance and changing rates are not included unless added to the principal.
How to use it
- Enter the values or text requested in the fields above.
- Review the result, which updates instantly or after selecting Generate.
- Copy, share or download the result when that option is available.
Example
A $10,000 loan at 6% for 3 years has a monthly payment of roughly $304.22.