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.

Your LOAN_AMOUNT loan has TERM PERIOD_LABEL payments of MONTHLY_PAYMENT at INTEREST_RATE.

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.

**GRAPH**
Loan Summary
Loan amountLOAN_AMOUNT
Monthly paymentMONTHLY_PAYMENT
Interest rateINTEREST_RATE
TermTERM PERIOD_LABEL payments
Total paymentsTOTAL_OF_PAYMENTS
Total interest paidINTEREST_PAID

**GRAPH**

Payment Schedule

**REPEATING GROUP**

Amortizing Loan Calculator Definitions

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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