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(The loan calculator can be used to calculate student loan payments, auto loans or to calculate your mortgage payments.) Jump to Calculator. Calculating. Use NerdWallet's free loan calculator to determine your monthly payment, your total interest and payoff schedule. Loan Calculator. Use this simple loan calculator to help you determine your monthly payments for home, auto, personal, business, student and any other fixed. To calculate the total amount paid on a loan, multiply the monthly payment by the number of months in the period. What is the monthly payment formula for fixed. The monthly payment is the amount paid per month to pay off the loan in the time period of the loan.

payments could be Choose a repayment term and payment frequency and we'll calculate your regular payment.