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LOAN CALCULATOR AND AMORTIZATION SCHEDULE

This calculator will compute a loan's monthly payment amount based on the principal amount borrowed, the length of the loan and the annual interest rate. Then, once you have computed the monthly payment, click on the "Create Amortization Schedule" button to create a report you can print out. Note that each time you change one of the loan's variables you will need to recalculate the monthly payment before creating the Amortization Schedule.

Note: Other than decimal points, do not enter any other non-numeric characters (commas, dollar signs, etc.) in the entry boxes. Doing so will cause an error.

1. What is the amount of the loan?

2. What is the loan's annual interest rate?

3. What is the term of the loan in years?

4. This is the amount of your monthly payment.

Longer term loans may take a few moments for the report to be generated.

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