Amortizing Loan Calculator
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.
Definitions
Monthly payment
Monthly payment for this 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.
Term
Number of months for this loan.
Loan amount
Total amount of your loan.
Information and interactive calculators are made available to you as self-help tools for your independent use. We can not and do not guarantee their accuracy or their applicability to your circumstances. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
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