Skip to content
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.
By changing any value in the following form fields, calculated values are immediately provided for displayed output values. Click the view report button to see all of your results.
Monthly loan payment is $400.76 for 60 payments at 7.5%.
Loan inputs: |
Calculate:
Total interest paid:
$4,045.51
Total payments:
$24,045.51
Balances for a $20,000 loan |
Total Principal and Interest by Payment |
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.
