Get the Payment You Can Afford

Change the amount you borrow, change the interest rate, or change the number of payments to come up with your magic number.

By changing any value in the following form fields, calculated values are immediately provided for displayed output values. Click the view report button to see all of your results.
Your $250,000 loan has a payment of $9,096.61
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Loan Balance by Month Line Graph: Please use the calculator's report to see detailed calculation results in tabular form.
Your $250,000 loan has a payment of $9,096.61

Definitions

Monthly payment

Monthly payment for this loan.

Interest rate

Annual interest rate for this loan. Interest is calculated monthly on the current outstanding balance of your loan at 1/12 of the annual rate.

Term in months

Number of months for this loan.

Loan amount

Total amount of your loan.

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.