Use this to calculate your loan amount, payment, interest rate or term, and see printable amortization schedules and charts.
This calculator will solve for any one of four possible unknowns: "Amount of Loan", "Total Scheduled Periods" (term), "Annual Interest Rate" or "Periodic Payment" amount.
Enter a '0' (zero) for one unknown value.
Or you can enter all 4 values and the calculator will create a payment schedule using your numbers. The final payment amount will be rounded to result in a zero balance. If you enter more months than are necessary to pay the loan off at the specified payment amount, the schedule will show the true term. If the payment is not large enough to reach a zero balance within the specified term, the schedule will show a balloon payment for the final payment amount.
The term (duration) of the loan is expressed as a number of months.
- 60 months = 5 years
- 120 months = 10 years
- 180 months = 15 years
- 240 months = 20 years
- 360 months = 30 years
Need to select a different payment or compounding frequency? You can find a more flexible version of this loan calculator at https://financial-calculators.com/loan-calculator