Loan amount from payment

Convert payment budget back to principal amount.

Your numbers

Principal wey payment fit cover

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Na payment calculation, no be loan approval or check whether you fit afford am. Other costs and obligations no join.

Formula

Use P = A×a(r,n). A na monthly payment budget, r na monthly interest fraction, and n na months. a(r,n) na sum of discount factors for each month end. Result na payment calculation alone.

Convert payment budget back to principal amount.

Example wey show the calculation

Monthly payment budget: 1000
Nominal rate for each year (%): 0
Term in months: 12

Principal wey payment fit cover: 12,000
Total scheduled payments: 12,000

Where e fit work and limits

Na payment calculation, no be loan approval or check whether you fit afford am. Other costs and obligations no join.

We check inputs for missing values and allowed ranges. Result wey pass the finite numeric range no go show. Rounding affect wetin display, while calculation use the model numeric precision.

Check your units and assumptions before you rely on result. Changing label no convert currency or physical unit.

Version of di formula: e5807fca789c · Example don get check: 2026-10-30

Method