Periodic Payment Calculator

Loan Amount (Present Value):

Annual Interest Rate (%):

Loan Term (Years):

Payments Per Year (12=monthly, 26=biweekly, 4=quarterly):

Car loans, personal loans, equipment financing, mortgages — nearly every loan in modern life is repaid in periodic payments: equal installments made on a regular schedule until the debt is gone. The Periodic Payment Calculator on this page solves for that installment under any payment frequency. Enter the loan amount, annual rate, term, and payments per year, and it returns the periodic payment, the number of payments, total paid, total interest, and supporting figures.