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Online calculator to calculate payment amount for a loan. Loan Payment Amount Formula. P = ( r * A ) / ( 1 - (1+r)-N) Where, P = Payment Amount A = Loan Amount r = Rate of Interest (compounded) N = Number of Payments Rate of Interest Compounded is, If Monthly, r = i / 1200 and N = n * 12 If Quarterly, r = i / 400 and N = n * 4 If Half yearly, r = i / 200 and N = n * 2 If Yearly, r = i

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$737 is the "regular" payment amount for a 30-year loan.
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