Interest Rate Cap Calculator

Interest Rate Cap Calculator

Basic Calculator

Advanced Calculator

Enter the required details to calculate your interest rate cap

Enter your loan amount, initial interest rate, cap rate, and loan term into the calculator to determine your monthly payment.

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Interest Rate Cap Calculation Formula

The following formula is used to calculate the monthly payment with an interest rate cap:

Monthly Payment = (Loan Amount * Interest Rate / 100 / 12) / (1 - (1 + Interest Rate / 100 / 12)^(-Loan Term * 12))

Variables:

• Loan Amount is the total amount borrowed ($)
• Interest Rate is the annual interest rate applied to the loan (%)
• Loan Term is the duration of the loan in years