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.

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Loan Calculator Results

Your payment is MONTHLY_PAYMENT for a LOAN_AMOUNT loan.

Your LOAN_AMOUNT loan has a payment of MONTHLY_PAYMENT per month for TERM months. If you make all of your payments on this loan, and do not prepay any of the principal, the total interest for this loan is INTEREST_PAID.

Loan summary
Monthly paymentMONTHLY_PAYMENT
Loan amountLOAN_AMOUNT
Interest rateINTEREST_RATE
TermTERM months

Payment schedule


**REPEATING GROUP**


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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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.