Loan Calculator with Amortization Schedule

This calculator will compute a loan's monthly payment amount based on the principal amount borrowed, the length of the loan and the annual interest rate.

Instructions:
Enter the principal amount borrowed, length of the loan, and annual interest rate. Click COMPUTE to generate the dollar amount of monthly payments, or RESET to clear the form. After computing the amount of monthly payments, click on the "Create Amortization Schedule" button to create a report you can print out. Note that each time you change one of the loan's variables you will need to recalculate the monthly payment before creating the Amortization Schedule. Also note that you may need to press CTRL-P to print the report once it appears.

Important
Other than decimal points, do not enter any other non-numeric characters (commas, dollar signs, etc.) in the entry boxes. Doing so may cause a javascript error.

 

Enter the principal amount of the loan:
Enter the loan's annual interest rate: %
Enter the term of the loan: years
 
Calculated monthly payment:
 
 
Longer term loans may take a few moments for the report to be generated.