How to Calculate a Loan Payment
Published 2026-03-26 · Updated 2026-03-26 · Loanmit Editorial Team
Use the standard amortization formula or Loanmit calculators to estimate fixed payments.
Fixed-Rate Formula
With monthly rate r and n months, payment M = P × [r(1+r)^n] / [(1+r)^n − 1]. At 0% APR, M = P / n. Try the loan payment calculator for quick estimates.