Loan Calculator

Loan Amount:

Interest Rate:

 %

Number of Monthly Payments:

Amount of Payment:

Extra Monthly Payment (optional):

How to Use the Loan Calculator

To use this calculator, enter the loan amount (don’t use commas or dollar signs), loan percentage rate, and the number of monthly payments in the life of the loan. Click the “Calculate Monthly Payment” button, and the amount of the monthly payment will appear. For a printable amortization schedule, click the “Show Amortization Schedule” button. If you wish to see the results of making a regular extra monthly payment, enter the desired amount, and click the amortization button again.