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  Fixed Rate Payment Calculator

This fixed rate payment calculator will calculate the payments and interest for a fixed rate loan, using monthly interest compounding and monthly payments. Enter the loan amount, number of monthly payments, and interest rate, and the payment calculator will compute the payment amount for you.

User Input:

Principal amount:
Start date:
Number of months:
Interest rate: %
 
Financial Summary Results:

Principal Amount: $200,000.00
Payment Amount: $1,467.53
Interest Rate: 8.0%
Interest Compounding: Monthly
Total Payments: $528,309.53
Total Finance Charge: $328,309.53

Note: Information and interactive calculators are made available to you as self-help tools for your independent use. We cannot and do not guarantee their accuracy or their applicability to your circumstances. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

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