Amount of Loan?:

Number of Years?:

Annual Interest Rate?:

Monthly Payment?:

Total Interest Paid:

Total Principal & Interest:

Number of Months:

(c) 2011 Pine Grove Software, LLC All rights reserved.

There are four primary variables for any loan. The **Home Loan Calculator** will solve for any of the four.

Ask yourself these questions:

What is the amount of the loan (amount borrowed)?

How long will the payments last (term)?

What is the annual interest rate?

And what is the periodic payment amount?

Enter any three of the above values and enter a '0' (zero) for the one unknown value.

Click 'Calc' and the unknown will be calculated.

Unlike our other loan calculators, this calculator makes some assumptions. First, it assumes that the payments will be made on a monthly schedule. Secondly, it assumes that the term will not include a fractional year. If you need to borrow or lend money for say 30 months (2.5 years) then use one of the other loan calculators found on this site.

Styles:

plain

plainer

zip zilch

Currency

$1,234.56

$1.234,56

£1,234.56

1,234.56

Conventions:

€1,234.56

€1.234,56

1 234,56 €

1.234,56 €

Click on desired currency convention or style to change.

This calculator covers all the basics. You can calculate the payment amount, loan amount, interest rate or term.

Please click on the above "Help" button for details.

If you want to use a loan calculator that is a little more flexible, that does not assume a monthly payment or one that lets you calculate loans based on the Rule-of-78s or other methods, then you should use this loan calculator.

For other more specialized online loan calculators, you may want to try one of these:

- Amortization schedule — shows how each payment is allocated to principal and interest
- Down payment loan calculator — asset price less a down payment & calculates loan values
- Percent down loan calculator — asset price less a percentage down & calculates loan values
- Balloon payment calculator — this one also accommodates a final balloon payment
- Bridge loan calculator — determines if a bridge loan is needed and what the payment will be

You may link to this page using this HTML code. Just copy and paste:

<a href="http://www.pine-grove.com/online-calculators/simple-loan-calculator.htm" title="Pine Grove Software's Free Financial Calculators">Online Simple Loan Calculator</a>

Updated! Online!

Time Value of Money

Calculator

Do in depth loan analysis and debt reduction what-ifs with the 14 calculators & schedules included in the new AmortizeIT! v4.0.

Calculations Grouped by Function

New & Popular Calculators

- Amortization Schedule — show/print payment schedule
- Auto Loan — supports optional trade in or deposit
- Budget — income & expense allocation
- Balloon Loan — structure loan with balloon
- Debt Adviser — evaluate 4 debt elimination plans
- Goal Planning — design both savings & spending needs
- Loan calculator — solve for any unknown
- Mortgage Calculator — solves for 6 variables
- Net Worth — assets minus liabilities
- Value of an Annuity — present value of cash flow
- Savings Calculator — calculate 4 unknowns

Time Value of Money Tutorials

- One loan multiple borrows — setup construction loan
- Structured loan — skipped or stepped payments
- Special payment series — initially only interest paid
- Biweekly payments — save interest
- Audit loan balance — w/ optional irregular payments
- ARM — loan with any date interest rate changes
- Buying mortgages? Calculate mortgage's present value.
- Over 20 Other Step-by-Step Guides
- Video Tutorials

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