Loan Payment Calculator
The Loan Calculator assists you in calculating the monthly payment on a loan or the number of months needed to pay off a loan. Simply select the value you want to find from the dropdown, then input values like the principal amount and the interest rate to calculate the loan data point you're seeking.
Loan Pmt Calculator Inputs
For a new loan, this is the original principal. For an existing loan, it's the remaining principal.
The yearly interest rate, commonly referred to as the APR (annual percentage rate). It's the cost of borrowing money.
This is how many months it would take to pay off the loan based on the given principal, interest rate, and monthly payment.
The amount due at the end of each monthly cycle of the loan. This is the default value to calculate since it's the loan component value most people are seeking.
