Monthly payment calculator
Enter the amount, annual rate and term in months to get the monthly payment.
Result
Financing $5,000 at 9% over 24 months costs about $228/month.
Example
Calculate the fixed monthly payment for an installment loan in your browser. Values stay on your device; no live rates.
Financing $5,000 at 9% over 24 months costs about $228/month.
Processed locally in your browser.
Methodology
M = P·r·(1+r)^n / ((1+r)^n − 1), with r as the monthly rate and n as the number of monthly payments.
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