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Cash flow · Free · No sign-up
Fixed loan payment
Estimate equal monthly payments on a reducing-balance loan.
Try your numbers
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Your result
How this works
Estimate equal monthly payments on a reducing-balance loan.
Formula
Payment = principal × r ÷ (1 − (1 + r)^−n), where r = annual rate ÷ 12.
Assumptions and limits
Fixed rate, monthly payments in arrears. Excludes fees, insurance and balloon payments. Months must be whole.
Worked example
Replace the example with your own figures, then compare scenarios. Include all relevant costs and use records from matching periods.