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Mortgage / Loan Calculator
To calculate your loan payment, first choose Solve For Payment. After you fill in the Loan Amount, Interest Rate and Period in Months or Years, then click on Calculate. You can also view the Amortization schedule if you fill in the Month and Year and then click on Amortization.
Other features of this calculator include figuring out loan balance, interest rate, payoff time and future value of a property.
Solving for loan amount: The cost of the property minus the down payment (i.e. the principal).
Solving for interest rate: The annual rate of interest that a creditor charges a borrower for loaning money.
Solving for months: The amount of time needed to pay off (or amortize) the loan.
Solving for payment: The monthly payment needed to pay off (or amortize) the loan.
Solving for future value: The value of the property at a specified date in the future that is equivalent in value to the current property value today.
There were errors in the input: Required input was missing.
There were errors in the input: Payment should not be greater than Present Value.
Balloon After Period:
Note: After you solve, you will be able to view the amortization schedule.
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