Loan calculator
Easily calculate the payments and interest amount on a loan based on the principal amount, annual interest and the number of payments with the free Loan calculator.
Instructions
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Explanations
This calculator estimates a fixed-rate loan payment and displays a period-by-period balance schedule. Enter the loan amount, annual interest rate, payment frequency, and either the total number of payments or the number of years.
Enter -1 for the payment amount when you want the calculator to determine the level payment required to amortize the loan over the selected term. You may instead enter a payment amount to see how the balance changes during the requested number of periods.
The calculation covers principal and interest only. Fees, insurance, taxes, and lender-specific rounding or payment rules are not included.
Examples
Frequently Asked Questions
Credits
Loan calculator
Version: 0.1
Author: Nicholas Alston