Loan Calculator

Personal Loan Calculator is a general purpose loan calculator that solves for a monthly loan payment and creates a detailed amortization schedule with date based payments.

Loan Calculator

Loan Amount?:

Number of Months? (#):

Annual Interest Rate?:

Payment Method?:

Monthly Payment:

Total Interest:

Total Principal & Interest:

$ : mm/dd/yyyy

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Loan Calculator Help...

Using the calculator is straight forward. User enters a "loan amount", "number of months", "annual interest rate". The calculator calculates the number of monthly payments.

The "Payment Method" determines when the first payment is due. With the default selection, "End-of-Period", the first payment will be due one month after the loan is made. If "Start-of-Period" is selected, then the first payment will be due on the loan date.

The term (duration) of the loan is expressed as a number of months.

60 months = 5 years
120 months = 10 years
180 months = 15 years
240 months = 20 years
360 months = 30 years

Need more options including the ability to solve for other unknowns, change payment / compounding frequency and the ability to print an amortization schedule? Please visit, https://financial-calculators.com/loan-calculator

Designed by Global Development Solutions

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