Loan Amortization Calculators

Two calculators for loan amortization schedules:

• Calculate Payment: use this option if you know the loan term and want to calculate the loan payment.
• Calculate Term: use this option if you know the loan payment and want to calculate the loan term.

Enter the following information:

• The loan amount.
• The number of payments (for the payment calculator), or the amount of the periodic payment (for the term calculator).
• The interest rate per year.
• The payment frequency.
• Optionally, the number of payments until a balloon payment.
• Optionally, the loan date. When a loan date is entered, the schedule shows the date of each payment.

The payment calculator shows the calculated Payment; the term calculator shows the calculated Number of Payments.

Below the results, the full Loan Schedule is displayed, showing each payment's principal and interest portions, the remaining balance, and a total row with the total interest paid over the life of the loan.