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Amortizing loan calculator

Perhaps you're curious about what the monthly payments will be on a particular loan amount, or how much you can borrow for a specific monthly payment. These are important elements to ensure you take a loan you can truly afford.

CREDIT CARD CALCULATORS

Amortizing Loan Calculator

This calculator will calculate the loan amount for a desired monthly payment, or the monthly payment for a desired loan amount. Click "View Report" to see a monthly payment schedule.

This Financial Calculator requires SUN's Java™ Plug-in. If you see this message you will need to download SUN's Java™ Plug-in. You can also get SUN's Java™ Plug-in here: Get the Java™ Plug-in!.

For more information about this Plug-in please visit: SUN's Java™ Plug-in

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.

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