financial calculators
Enhanced Loan Calculator
Use this calculator to look at a variety of possible loans. Use the slider controls to change your monthly payment, loan amount, interest rate or term. Press the "View Report" button to see a complete amortization schedule, either by month or by year. The calculations provided below are strictly informational and should not be read as quotes on actual bank rates.
Definitions
- Monthly payment: Monthly payment for this loan.
- Interest rate: Annual interest rate for this loan. Interest is calculated monthly on the current outstanding balance of your loan at 1/12 of the annual rate.
- Term in months: Number of months for this loan.
- Loan amount: Total amount of your loan.
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