Payment Calculator

Payment Calculator

Loan Payment Calculator


A Loan Payment Calculator is a financial tool that helps users estimate their monthly loan payments based on factors such as loan amount, interest rate, and loan term. This article introduces a simple Loan Payment Calculator and explains how to use it.


  1. Input Parameters:

    • Loan Amount: The total amount of the loan.
    • Annual Interest Rate: The annual interest rate on the loan.
    • Loan Term: The duration of the loan in years.
  2. Output Results:

    • Monthly Payment: The estimated monthly loan payment.
    • Total of Monthly Payments: The total amount repaid over the loan term.
    • Total Interest: The total interest paid over the loan term.
    • Annual Schedule: A detailed schedule showing the breakdown of each monthly payment into interest and principal.

How to Use

  1. Enter Loan Details:

    • Input the Loan Amount, Annual Interest Rate, and Loan Term in the respective fields.
  2. Calculate Loan Payment:

    • Click the "Calculate Loan Payment" button to generate the results.
  3. Review Results:

    • The tool will display the estimated Monthly Payment, Total of Monthly Payments, Total Interest, and an Annual Schedule.
  4. Explore Annual Schedule:

    • The annual schedule provides a detailed breakdown of each monthly payment, showing how much goes towards interest and principal.


  • Loan Amount: $200,000.00
  • Annual Interest Rate: 5%
  • Loan Term: 5 years

  • Monthly Payment: $3,774.25

  • Total of Monthly Payments: $226,455.07
  • Total Interest: $26,455.07