Enter the values and this calculator will figure the payment. The loan can be a mortgage, car loan, or any other simple interest amortization over a fixed time with fixed monthly payments. Also if you want to know how much can you afford, simply go for the affordable loan interface and enter the monthly payment, interest and number of years, the result will be the total affordable loan amount. Keep in mind, your monthly payment should be within a comfortable range of your monthly income, for example, 30%. CAUTION: Do NOT rely on the results from this calculator to make financial decisions. Interest rates vary and the tax laws change regularly. Please contact us for assistance with your specific concerns.