Loan & Mortgage Calculator | Monthly Payment Estimator (2026)
### How to Calculate Loan Payments
Standard Amortization Formula: **M = P [ i(1 + i)^n ] / [ (1 + i)^n – 1 ]**.
Where:
- **M** = Monthly Payment
- **P** = Principal amount
- **i** = Monthly interest rate (Annual rate / 12)
- **n** = Total number of payments (Years * 12)