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.
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 that will keep the program from running.
1. Customer Name:
2. How much are you looking to borrow?
3. What is the loan's annual interest rate?
4. What is the term of the loan in months?
5. Compounding Interval:
Monthly Quarterly Semi-Annually Annually
6. Loan Start Date: January February March April May June July August September October November December 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
7. This is the amount of your monthly payment.
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DISCLAIMER: The accuracy of this calculator and its application to your specificsituation is not guaranteed. We encourage you seek advice from qualifiedprofessionals regarding all personal finance issues.
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