Enhanced Loan Calculator

Use this calculator to look at a variety of possible loans. Change your monthly payment, loan amount, interest rate or term. Press the “View Report” button to see a complete amortization schedule, either by month or by year.

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.

Definitions

Monthly payment

Monthly payment for this 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.

Term in months

Number of months for this loan.

Loan amount

Total amount of your loan.