Enhanced Loan Calculator

Use this calculator to look at a variety of possible loans. Use the slider controls to change your monthly payment, loan amount, interest rate or term. Press the "View Report" button to see a complete amortization schedule, either by month or by year.

This Financial Calculator requires a Browser with Java Support. If you are seeing this message you will need to download SUN's Java Plug-in. This can be done simply, and automatically, by clicking the link below:

Get the Java Plug-in!

Once SUN's Java Plug-in is installed, you may need to refresh this page to see the financial calculator. (Pressing F5 will refresh the page.)

Definitions

Monthly payment: Monthly payment for this 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.
Term in months: Number of months for this loan.
Loan amount: Total amount of your loan.