What is PMT?
PMT is the fixed payment needed to repay a loan over a chosen term, using the principal, monthly interest rate and number of payments.
Loan payment calculator
Estimate monthly loan or mortgage payments, include an optional down payment, and explore the complete principal and interest schedule.
Monthly payment estimate/Principal and interest schedule/No sign-in required
Loan details
Enter loan terms
Currency
Term unit
Payment schedule
Preview of the first 12 payments.
| Period | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | GEL 1,147.77 | GEL 347.77 | GEL 800.00 | GEL 79,652.23 |
| 2 | GEL 1,147.77 | GEL 351.25 | GEL 796.52 | GEL 79,300.99 |
| 3 | GEL 1,147.77 | GEL 354.76 | GEL 793.01 | GEL 78,946.23 |
| 4 | GEL 1,147.77 | GEL 358.31 | GEL 789.46 | GEL 78,587.92 |
| 5 | GEL 1,147.77 | GEL 361.89 | GEL 785.88 | GEL 78,226.04 |
| 6 | GEL 1,147.77 | GEL 365.51 | GEL 782.26 | GEL 77,860.53 |
| 7 | GEL 1,147.77 | GEL 369.16 | GEL 778.61 | GEL 77,491.37 |
| 8 | GEL 1,147.77 | GEL 372.85 | GEL 774.91 | GEL 77,118.51 |
| 9 | GEL 1,147.77 | GEL 376.58 | GEL 771.19 | GEL 76,741.93 |
| 10 | GEL 1,147.77 | GEL 380.35 | GEL 767.42 | GEL 76,361.58 |
| 11 | GEL 1,147.77 | GEL 384.15 | GEL 763.62 | GEL 75,977.43 |
| 12 | GEL 1,147.77 | GEL 387.99 | GEL 759.77 | GEL 75,589.44 |
Principal vs interest
Early payments usually contain more interest. As the balance goes down, more of each payment goes toward principal.
Use it before borrowing
Test different rates and terms before taking a loan so you can compare monthly pressure and total interest.
How loan payments are calculated
The calculator subtracts any down payment from the purchase or loan amount, then applies the standard amortisation formula to the financed balance. Each monthly payment covers that month's interest first and reduces the remaining principal with the rest.
Keep every payment in view
Add a loan or mortgage to your portfolio to track its balance, upcoming payments and relationship to the asset it financed.