Standard amortizing loan: PMT = P × [r(1+r)^n] / [(1+r)^n − 1] with monthly rate.

Online Simple Loan Calculator

Quick monthly payment estimate. Principal, annual rate, term in months.

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Frequently Asked Questions

What is the formula?: Standard amortizing loan: PMT = P × [r(1+r)^n] / [(1+r)^n − 1] with monthly rate.

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Calculate C(n,r) — the number of ways to choose r items from n without order. Uses n!/(r!(n-r)!).

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