Calculators
Calculate Mortgage or Auto Loan Monthly Payment by Hand

How to use?
1.  Determine the annual interest rate of your loan and locate one of the tables below which covers your interest rate.
2.  Determine the term (how long) of your loan.
3.  Find the cell on the same row as the term and on the same column as the interest rate. Write down the number inside this cell.
4.  Multiple the number you found from Step #3 by your loan amount and then divide it by 1000. The result is approximately your monthly payment.
Example #1: The rate is 5.5%, term is 15 year and loan amount is $250,000.00.
1.  The rate is 5.5%, so use the third table below (interest rate from 5.000% to 5.875%). The sixth column from the left is for 5.5% interest rate.
2.  The term is 15 year. It is on the twelfth row from the top.
3.  Find the cell in the first table below which has term value is 15 and interest is 5.50%. The value inside this cell (row 12, column 6) is 8.17.
4.  First multiply 8.17 by 250,000.00. The result is 204,2500. Then divide it by 1000. The final result is $2,042.50 which is approximately your monthly payment. Precisely, the number is $2042.71.
Example #2: The rate is 7.25%, term is 5 year and auto loan amount is $23,000.00.
1.  The rate is 7.25%, so use the fifth table below (interest rate from 7.000% to 7.875%). The fourth column from the left is for 7.25% interest rate.
2.  The term is 5 year. It is on the sixth row from the top.
3.  Find the cell in the third table below which has term value is 5 and interest is 7.25%. The value inside this cell (row 6, column 3) is 19.92.
4.  First multiply 19.92 by 23,000.00. The result is 458,160. Then divide it by 1000. The final result is $458.16 which is approximately your monthly payment. Precisely, the number is $458.15.

Table of monthly payments to amortize $1,000 loan
Term\Interest3.000%3.125%3.250%3.375%3.500%3.625%3.750%3.875%
184.6984.7584.8184.8684.9284.9885.0485.09
242.9843.0443.0943.1543.2043.2643.3143.37
329.0829.1429.1929.2529.3029.3629.4129.47
422.1322.1922.2422.3022.3622.4122.4722.52
517.9718.0218.0818.1418.1918.2518.3018.36
615.1915.2515.3115.3615.4215.4715.5315.59
713.2113.2713.3313.3813.4413.5013.5513.61
811.7311.7911.8411.9011.9612.0212.0712.13
910.5810.6310.6910.7510.8110.8710.9210.98
109.669.719.779.839.899.9510.0110.07
156.916.977.037.097.157.217.277.33
205.555.615.675.745.805.865.935.99
254.744.814.874.945.015.075.145.21
304.224.284.354.424.494.564.634.70
403.583.653.733.803.873.954.034.10

Term\Interest4.000%4.125%4.250%4.375%4.500%4.625%4.750%4.875%
185.1585.2185.2685.3285.3885.4485.4985.55
243.4243.4843.5443.5943.6543.7043.7643.82
329.5229.5829.6429.6929.7529.8029.8629.91
422.5822.6422.6922.7522.8022.8622.9222.97
518.4218.4718.5318.5918.6418.7018.7618.81
615.6515.7015.7615.8215.8715.9315.9916.05
713.6713.7313.7813.8413.9013.9614.0214.08
812.1912.2512.3112.3612.4212.4812.5412.60
911.0411.1011.1611.2211.2811.3411.4011.46
1010.1210.1810.2410.3010.3610.4210.4810.55
157.407.467.527.597.657.717.787.84
206.066.136.196.266.336.396.466.53
255.285.355.425.495.565.635.705.77
304.774.854.924.995.075.145.225.29
404.184.264.344.424.504.584.664.74

Term\Interest5.000%5.125%5.250%5.375%5.500%5.625%5.750%5.875%
185.6185.6685.7285.7885.8485.8985.9586.01
243.8743.9343.9844.0444.1044.1544.2144.26
329.9730.0330.0830.1430.2030.2530.3130.37
423.0323.0923.1423.2023.2623.3123.3723.43
518.8718.9318.9919.0419.1019.1619.2219.27
616.1016.1616.2216.2816.3416.4016.4616.51
714.1314.1914.2514.3114.3714.4314.4914.55
812.6612.7212.7812.8412.9012.9613.0213.08
911.5211.5811.6411.7011.7611.8211.8811.94
1010.6110.6710.7310.7910.8510.9110.9811.04
157.917.978.048.108.178.248.308.37
206.606.676.746.816.886.957.027.09
255.855.925.996.076.146.226.296.37
305.375.445.525.605.685.765.845.92
404.824.914.995.075.165.245.335.42

Term\Interest6.000%6.125%6.250%6.375%6.500%6.625%6.750%6.875%
186.0786.1286.1886.2486.3086.3586.4186.47
244.3244.3844.4344.4944.5544.6044.6644.72
330.4230.4830.5430.5930.6530.7130.7630.82
423.4923.5423.6023.6623.7123.7723.8323.89
519.3319.3919.4519.5119.5719.6219.6819.74
616.5716.6316.6916.7516.8116.8716.9316.99
714.6114.6714.7314.7914.8514.9114.9715.03
813.1413.2013.2613.3213.3913.4513.5113.57
912.0112.0712.1312.1912.2512.3212.3812.44
1011.1011.1611.2311.2911.3511.4211.4811.55
158.448.518.578.648.718.788.858.92
207.167.247.317.387.467.537.607.68
256.446.526.606.676.756.836.916.99
306.006.086.166.246.326.406.496.57
405.505.595.685.775.855.946.036.12

Term\Interest7.000%7.125%7.250%7.375%7.500%7.625%7.750%7.875%
186.5386.5886.6486.7086.7686.8286.8786.93
244.7744.8344.8944.9445.0045.0645.1145.17
330.8830.9330.9931.0531.1131.1631.2231.28
423.9524.0024.0624.1224.1824.2424.3024.35
519.8019.8619.9219.9820.0420.1020.1620.22
617.0517.1117.1717.2317.2917.3517.4117.47
715.0915.1515.2215.2815.3415.4015.4615.52
813.6313.7013.7613.8213.8813.9514.0114.07
912.5112.5712.6312.7012.7612.8312.8912.95
1011.6111.6811.7411.8111.8711.9412.0012.07
158.999.069.139.209.279.349.419.48
207.757.837.907.988.068.138.218.29
257.077.157.237.317.397.477.557.64
306.656.746.826.916.997.087.167.25
406.216.316.406.496.586.676.776.86

Term\Interest8.000%8.125%8.250%8.375%8.500%8.625%8.750%8.875%
186.9987.0587.1087.1687.2287.2887.3487.39
245.2345.2845.3445.4045.4645.5145.5745.63
331.3431.3931.4531.5131.5731.6331.6831.74
424.4124.4724.5324.5924.6524.7124.7724.83
520.2820.3420.4020.4620.5220.5820.6420.70
617.5317.5917.6617.7217.7817.8417.9017.96
715.5915.6515.7115.7715.8415.9015.9616.03
814.1414.2014.2614.3314.3914.4614.5214.59
913.0213.0813.1513.2113.2813.3413.4113.48
1012.1312.2012.2712.3312.4012.4712.5312.60
159.569.639.709.779.859.929.9910.07
208.368.448.528.608.688.768.848.92
257.727.807.887.978.058.148.228.31
307.347.427.517.607.697.787.877.96
406.957.057.147.247.337.437.527.62

Term\Interest9.000%9.125%9.250%9.375%9.500%9.625%9.750%9.875%
187.4587.5187.5787.6387.6887.7487.8087.86
245.6845.7445.8045.8645.9145.9746.0346.09
331.8031.8631.9231.9732.0332.0932.1532.21
424.8924.9425.0025.0625.1225.1825.2425.30
520.7620.8220.8820.9421.0021.0621.1221.19
618.0318.0918.1518.2118.2718.3418.4018.46
716.0916.1516.2216.2816.3416.4116.4716.54
814.6514.7214.7814.8514.9114.9815.0415.11
913.5413.6113.6813.7413.8113.8813.9414.01
1012.6712.7412.8012.8712.9413.0113.0813.15
1510.1410.2210.2910.3710.4410.5210.5910.67
209.009.089.169.249.329.409.499.57
258.398.488.568.658.748.828.919.00
308.058.148.238.328.418.508.598.68
407.717.817.918.008.108.208.308.39

Term\Interest10.000%10.125%10.250%10.375%10.500%10.625%10.750%10.875%
187.9287.9788.0388.0988.1588.2188.2788.32
246.1446.2046.2646.3246.3846.4346.4946.55
332.2732.3332.3832.4432.5032.5632.6232.68
425.3625.4225.4825.5425.6025.6625.7225.78
521.2521.3121.3721.4321.4921.5621.6221.68
618.5318.5918.6518.7218.7818.8418.9118.97
716.6016.6716.7316.8016.8616.9316.9917.06
815.1715.2415.3115.3715.4415.5115.5715.64
914.0814.1514.2114.2814.3514.4214.4914.56
1013.2213.2813.3513.4213.4913.5613.6313.70
1510.7510.8210.9010.9811.0511.1311.2111.29
209.659.739.829.909.9810.0710.1510.24
259.099.189.269.359.449.539.629.71
308.788.878.969.059.159.249.339.43
408.498.598.698.798.898.989.089.18

Term\Interest11.000%11.125%11.250%11.375%11.500%11.625%11.750%11.875%
188.3888.4488.5088.5688.6288.6788.7388.79
246.6146.6746.7246.7846.8446.9046.9647.02
332.7432.8032.8632.9232.9833.0433.1033.15
425.8525.9125.9726.0326.0926.1526.2126.27
521.7421.8021.8721.9321.9922.0622.1222.18
619.0319.1019.1619.2319.2919.3619.4219.49
717.1217.1917.2517.3217.3917.4517.5217.59
815.7115.7815.8415.9115.9816.0516.1216.18
914.6314.7014.7614.8314.9014.9715.0415.11
1013.7813.8513.9213.9914.0614.1314.2014.27
1511.3711.4411.5211.6011.6811.7611.8411.92
2010.3210.4110.4910.5810.6610.7510.8410.92
259.809.899.9810.0710.1610.2610.3510.44
309.529.629.719.819.9010.0010.0910.19
409.289.389.489.589.689.789.889.98

Term\Interest12.000%12.125%12.250%12.375%12.500%12.625%12.750%12.875%
188.8588.9188.9789.0289.0889.1489.2089.26
247.0747.1347.1947.2547.3147.3747.4247.48
333.2133.2733.3333.3933.4533.5133.5733.63
426.3326.4026.4626.5226.5826.6426.7026.77
522.2422.3122.3722.4322.5022.5622.6322.69
619.5519.6219.6819.7519.8119.8819.9420.01
717.6517.7217.7917.8517.9217.9918.0618.12
816.2516.3216.3916.4616.5316.6016.6716.74
915.1815.2515.3315.4015.4715.5415.6115.68
1014.3514.4214.4914.5614.6414.7114.7814.86
1512.0012.0812.1612.2412.3312.4112.4912.57
2011.0111.1011.1911.2711.3611.4511.5411.63
2510.5310.6210.7210.8110.9011.0011.0911.18
3010.2910.3810.4810.5810.6710.7710.8710.96
4010.0810.1910.2910.3910.4910.5910.6910.79






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