LEAR
Back to calculations
Monthly Amortization Payment illustration

Real Estate · Loan

Monthly Amortization Payment

Included with every plan

The calculator is free to use. A subscription unlocks saving deals, one-click PDF reports, and your full project history.

Subscribe to unlockCompare plans

Run any calculator for free. Subscribe to save results, export branded reports, and sync across web and mobile. Billing via PayPal.

Use monthly amortization to estimate the recurring payment from principal, rate, and loan term.

Browse all calculators

Interactive workbench

30-year loan payment

P * (r * (1 + r)^n) / ((1 + r)^n - 1)

A $300,000 loan at 6% for 30 years is roughly $1,798.65 per month.

Check your inputs before you rely on the result — calculations are informational only and depend entirely on the numbers you enter. See our Terms.

Variables and units

  • Loan Principal

    Original loan balance.

    currency

  • Annual Interest Rate

    Enter 6 for 6%.

    percent

  • Loan Term

    Loan term in years.

    years

Common mistakes

  • Entering 0.06 instead of 6 for the interest rate.
  • Using months in the years field.

Step-by-step example

30-year loan payment

A $300,000 loan at 6% for 30 years is roughly $1,798.65 per month.