Financial Calculators
Payment Calculator
Calculate the monthly payment on a loan.
Free account14-day Pro trialWorks in your browser
Sign in to use this tool
Create a free account to unlock every tool — plus a 14-day free trial of HQ Pro, no card required.
About the Payment Calculator
Find the monthly payment on any fixed-rate loan. Enter the loan amount, APR, and term in years and the calculator returns your monthly payment, the total of all payments, and the total interest. It's the fastest way to check affordability before you commit to a mortgage, auto loan, or personal loan.
How to use the Payment Calculator
- 01Enter your loan amount, APR, and term in years.
- 02Read the result instantly — it recalculates as you type.
- 03Adjust the numbers to model different scenarios.
Frequently asked questions
What goes into a loan payment?
Each payment covers the interest accrued that month plus a portion of principal. Early payments are mostly interest; later ones mostly principal.
How can I lower my payment?
A longer term, lower rate, or larger down payment all reduce the monthly payment — though a longer term raises total interest.