CALCULATORS AND PLANNERS

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Amortizing Loan Calculator

Enter your desired payment and number of payments, select a payment frequency of Weekly, Bi-weekly or Monthly - and the tool will calculate your payment. Or, enter in the payment and the tool will calculate your loan amount. You can then examine your principal balances by payment, total of all payments made, and total interest paid.

Loan amount

Total amount of your loan.

Payment

Payment for this loan.

Interest rate

Annual interest rate for this loan. Interest is calculated each period on the current outstanding balance of your loan. The periodic rate is your annual rate divided by the number of periods per year.

Number of payments

Number of payments for this loan.

Payment frequency

Choose how often payments will be made. The options are weekly (52 payments per year), bi-weekly (26 payments per year), and monthly (12 payments per year).

Interest paid

Total amount of interest that will be paid on this loan. This total assumes all payments are made as scheduled, and there are no prepayments of principal.

Total payments

Total all payments for this loan. This includes all interest and principal. This total assumes all payments are made as scheduled, and there are no prepayments of principal.

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Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.