Loan payment
Calculate a fixed nominal-rate loan payment and interest cost. 1–600 monthly payments; extra fees excluded. Final payment adjusted to the remaining balance.
Result
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Formula and instructions
P × r × (1+r)^n ÷ ((1+r)^n − 1)
Calculate a fixed nominal-rate loan payment and interest cost. 1–600 monthly payments; extra fees excluded. Final payment adjusted to the remaining balance.
Sources and further reading
Frequently asked questions
Which formula does this tool use?
P × r × (1+r)^n ÷ ((1+r)^n − 1) Calculate a fixed nominal-rate loan payment and interest cost. 1–600 monthly payments; extra fees excluded. Final payment adjusted to the remaining balance.