This calculator will compute a loan's monthly payment amount based on the principal
amount borrowed, the length of the loan and the annual interest rate. Then, once you have
computed the monthly payment, click on the "Create Amortization Schedule" button
to create a report you can print out. Note that each time you change one of the loan's
variables you will need to recalculate the monthly payment before creating the
Amortization Schedule. Also note that you may need to press CTRL-P to print the report
once it appears in the pop-up window or right click and click on
print.
Note: Other than decimal points, do not enter any
other non-numeric characters (commas, dollar signs, etc.) in the entry boxes. Doing so
will cause a JavaScript error.
1. Customer Name:
2. How
large is the loan?
3. What is the loan's annual interest rate?
4. What is the term of the loan in months?
5. Compounding Interval:
5. Loan Start
Date:
6. Your monthly
payment is:
Longer term loans may
take a few moments for the report to be generated.
