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Amortizing Loan Calculator
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Enter your desired payment - and let us calculate your loan amount. Or, enter in
the loan amount and we will calculate your monthly payment. You can then examine
your principal balances by payment, total of all payments made, and total interest
paid. Press the report button to see a monthly payment schedule.
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Definitions
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- Monthly payment
- Monthly payment for this loan.
- Term in months
- Number of months for this loan.
- Loan amount
- Total amount of your loan.
- Interest rate
- Annual interest rate for this loan. Interest is calculated
monthly on the current outstanding balance of your loan at 1/12 of the annual rate.
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Information and interactive calculators are made available
to you as self-help tools for your independent use and are not intended to provide
investment advice. We can not and do not guarantee their applicability or accuracy
in regards to your individual circumstances. All examples are hypothetical and are
for illustrative purposes. We encourage you to seek personalized advice from qualified
professionals regarding all personal finance issues.
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