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Loan Calculator
A loan is a contract between a borrower and a lender in which the borrower receives an amount of money (principal) that they are obligated to pay back in the future. Most loans can be categorized into one of three categories:
- Amortized Loan: Fixed payments paid periodically until loan maturity
- Deferred Payment Loan: Single lump sum paid at loan maturity
- Bond: Predetermined lump sum paid at loan maturity (the face or par value of a bond)
Amortized Loan: Paying Back a Fixed Amount Periodically
Use this calculator for basic calculations of common loan types such as mortgages, auto loans, student loans, or personal loans, or click the links for more detail on each.
| Loan Amount | |
| Loan Term | years months |
| Interest Rate | |
| Compound | |
| Pay Back | |
Results:
| Payment Every Month | $1,110.21 |
| Total of 120 Payments | $133,224.60 |
| Total Interest | $33,224.60 |
| View Amortization Table | |
Deferred Payment Loan: Paying Back a Lump Sum Due at Maturity
| Loan Amount | |
| Loan Term | years months |
| Interest Rate | |
| Compound | |