The Remaining Balance Calculator will calculate the remaining principal balance on a loan after any payment number. Additionally, the regular payment amount is also calculated. Often you will want to know the balance of a loan. It is often much easier to use this calculator than it is to set up a complete amortization schedule.
For example, assume that you have taken out a loan for $100,000, for 360 monthly periods with an annual interest rate of 7.5%. After the 65th period, with biweekly payments & compounding the remaining balance is $88,690.60.
The Remaining Balance Calculator is designed for doing fast, what-if, calculations. If you want payment details and annual totals, you should look at our Amortization Schedule Calculator.
Here's our online remaining balance calculator.
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