Payment Calculator
Calculate loan payments, credit card payments, and determine payment schedules for various financial scenarios.
Payment Calculation Results
Monthly Payment:
Total Payments:
Total Interest:
Payoff Time:
Monthly Payment Breakdown
Principal & Interest:
Property Tax:
Insurance:
PMI:
Payment Frequency Comparison
Payment Calculator Information
This calculator helps you determine payment amounts for various types of loans and financial obligations.
Payment Types:
- Loan Payment: Standard installment loan with fixed payments
- Credit Card Payment: Calculate payoff time and interest for credit card debt
- Mortgage Payment: Home loan with taxes, insurance, and PMI
- Custom Schedule: Flexible payment arrangements
Payment Frequency Benefits:
- Monthly: Standard payment schedule, 12 payments per year
- Bi-weekly: 26 payments per year, reduces total interest
- Weekly: 52 payments per year, fastest payoff
- Quarterly: 4 payments per year, higher payment amounts
Key Factors:
- Principal: The original loan amount
- Interest Rate: Annual percentage rate (APR)
- Term: Length of time to repay the loan
- Payment Frequency: How often payments are made
Money-Saving Tips:
- Make extra principal payments to reduce total interest
- Consider bi-weekly payments to pay off loans faster
- Round up payments to the nearest $50 or $100
- Apply windfalls (bonuses, tax refunds) to principal
- Refinance if you qualify for a lower interest rate