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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 "Calculate" button to see a monthly payment schedule.


Amortizing Loan Calculator

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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.