Amortizing Loan Calculator

By changing any value in the following form fields, calculated values are immediately provided for displayed output values. Click the view report button to see all of your results.
Monthly loan payment is $400.76 for 60 payments at 7.5%.
*indicates required.
Calculate:
Calculate
Total interest paid:
$4,045.51
Total payments:
$24,045.51
Balances for a $20,000 loan Line Graph: Please use the calculator's report to see detailed calculation results in tabular form.
Total Principal and Interest by Payment Stacked Column Graph: Please use the calculator's report to see detailed calculation results in tabular form.

Definitions

Monthly payment

Monthly payment for this loan.

Term in months

Number of months for this loan.

Loan amount

Total amount of your 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.

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