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Remaining Balance Calculator
The remaining balance calculator calculates the principal balance after a particular payment number. If you have a four year car loan and you've and you've made a year and a half of monthly payments (18 months), this calculator will tell you the balance of the loan. Enter the original loan amount, say $28,500. Enter 48 for the number of payments assuming a four year loan with monthly payments. If 18 payments have been made then enter 18 for balance after payment number. NOTE: The actual balance may vary slightly. This is because the calculator calculates the balance after the payment. If some days have passed since the payment was made, then interest is accruing for those days since the last payment.
Amount of Loan?:
Number of Payments?:
Annual Interest Rate?:
Balance AFTER Payment? (#):
Payment Frequency?:
Weekly
BiWeekly
Twice Monthly
Every 4 Weeks
Monthly
BiMonthly
Quarterly
Every 4 Months
Semiannually
Annually
Compounding Frequency?:
Continuous
Daily
Weekly
BiWeekly
Twice Monthly
Every 4 Weeks
Monthly
BiMonthly
Quarterly
Every 4 Months
Semiannually
Annually
Payment Method?:
Arrears
Advance
Amortization Method?:
Normal
Canadian
Fixed Principal
Interest Only
No Interest
Rule-of-78's
Remaining Balance:
Periodic Payment:
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, All rights reserved.
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This page was updated on: 28-Mar-2009