Loan Calculator

Loan Amount?:
Number of Payments? (#):
Annual Interest Rate?:
Payment Amount?:
Enter a '0' (zero) for one unknown value above.
Payment Frequency?:
Compounding Frequency?:
Payment Method?:
Amortization Method?:

Total Interest:
Total Principal & Interest:
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How to use this calculator...

This calculator will solve for any one of four possible unknowns: "Amount of Loan", "Total Scheduled Periods" (term), "Annual Interest Rate" or the "Periodic Payment".

Enter a '0' (zero) for one unknown value.

The term (duration) of the loan is a function of the "Total Scheduled Periods" and the "Payment Frequency". If the loan is calling for monthly payments and the term is four years, then enter 48 for the "Total Scheduled Periods". If the payments are made quarterly and the term is ten years, then enter 40 for the "Total Scheduled Periods".

Normally you would set the "Payment Method" to "Arrears" for a loan. This means that the monies are lent on one day and the first payment isn't due until one period after the funds are received.

If the first payment is due on the day the funds are available, then set "Payment Method" to "Advance". This is typical for leases.

The "Amortization Method" should be set to "Normal" (level payments) unless you have a specific reason to set it to another method. &Fixed Principal" causes the amount allocated to principal to be the same each period which result in decreasing payments.


zip zilch
1 234,56 €
1.234,56 €
Click on desired currency convention or style to change.

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

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Number of Payments Reference
36 months =
 3 years
48 months =
 4 years
60 months =
 5 years
72 months =
 6 years
120 months =
 10 years
180 months =
 15 years
240 months =
 20 years
360 months =
 30 years
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