This Loan calculator shows you everything you need to know to properly analyze your loan.
Simply enter the following information about your loan:
Loan Amount251.3625000Annual Interest Rate (%)16.8Loan Term in Years36.5Click the Submit button
The details of your loan analysis are displayed as follows:
The amount you pay every month.
Total Amount Paid
The total amount you will pay during the life of your loan, assuming that you make all the payments.
Total Interest Paid
The amount of interest you will pay during the life of the loan, assuming that you make all the payments.
The Amortization Schedule
The amortization schedule or amortization table, shows the internal details of each monthly payment, for the life of the loan.
Each payment has a sequential number, starting with 1 for the first payment, 2 for the second, and so on.
Principal is the portion of each monthly payment that is subtracted from the amount you borrowed from the lender.
Notice that the Principal amount of each payment is small during the early payments,
and becomes larger towards the end of the loan.
Interest is the portion of each monthly payment that goes to pay interest to the lender.
Interest is the income the a lender receives for making the loan.
Notice that the Interest amount of each payment is large during the early payments,
and becomes smaller towards the end of the loan.
Loan Balance is the amount of the original loan that remains after each payment.
Notice how the Loan Balance becomes smaller with each payment, until the loan is fully paid off.
Download the Amortization Schedule
Download the amortization schedule as a file. After you download the file, you can view it
and edit it by using accounting software such as Microsoft Excel, or any similar software.
CSV – Comma Separated Values– File
CSV is a file format commonly used by computer programs to analyze financial data.
You can download a CSV file of the Amortization Schedule and open it in Microsoft Excel, for example.
Click this button to open a download manager window on your computer.
On some Internet browsers, the CSV file may download automatically to your computer.
The download manager allows you to:
Open the CSV file directly, using a program that reads CSV files, such as Microsoft Excel.
Save a copy of the CSV file on your computer, for later use in a program such as Microsoft Excel.