This calculator will compute a loan’s monthly payment amount – at various compounding intervals – based on the principal amount borrowed, the length of the loan and the annual interest rate. Then, once you have computed the monthly payment, click on the “Create Amortization Schedule” button to create a report you can print out.

Longer term loans may take a few moments for the report to be generated.

How much are you looking to borrow?

What is the loan's annual interest rate?

What is the term of the loan in months?

Compounding Interval:

Monthly Quarterly Semi-Annually Annually

This is the amount of your monthly payment: