20-year Loan Payment Calculator

Calculate monthly payment for a 20-year fixed-rate loan. Enter principal and rate to see payment and total interest.

Calculate your payment

Loan amount

Annual interest rate (%)

Term (years)

Enter values to calculate.

We use the standard loan payment formula for 20-year terms. Payment is fixed over the life of the loan.

Use when comparing loan terms or planning monthly budget.

How is payment calculated?

We use the standard amortization formula; rate and term determine payment.

Does this include taxes and insurance?

No. This is principal and interest only; add PITI separately.

Why choose a 20-year term?

Shorter terms mean higher monthly payments but less total interest; longer terms lower the payment but increase total cost.