Amortizing Loan Calculator
Enter the monthly payment and the loan amount will be calculated or enter the loan amount and the monthly payment will be calculated. You can view a graph of the principal balance after each payment or of the amount of interest and principal within each payment. Click the "View Report" button to see an amortization schedule for the loan.
Definitions:
- Monthly payment
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Monthly payment for this loan.
- Term in months
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Number of months for this loan.
- Loan amount
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Total amount of your loan.
- Interest rate
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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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