Amortizing Loan Calculator

Enter your desired payment - and let us calculate your loan amount. Or, enter in the loan amount and we will calculate your monthly payment. You can then examine your principal balances by payment, total of all payments made, and total interest paid. Press the report button to see a monthly payment schedule.

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

Get the Java(TM) Plug-in!

Definitions

Monthly payment
Monthly payment for this loan.

Term in months
Number of months for this loan.

Loan amount
Total amount of your 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.

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We can not 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.


© Copyright 2006- NMC Mortgage Corporation

NMC Mortgage Corporation is Licensed in the following States:
NMC Mortgage Corporation Arizona: License # MB0907189, NMC Mortgage Corporation Kansas: License # 1998-0576, Georgia Residential Mortgage Licensee (lic. #17074), NMC Mortgage Corporation Missouri, NMC Mortgage Corporation Indiana: License # 04-0197 LB, NMC Mortgage Corporation Illinois Licensed Mortgage Broker (lic. #06177), NMC Mortgage Corporation Tennessee: License #3169, Licensed by the Pennsylvania Department of Banking, License # 19178, 10804, Registered with the Colorado Secretary of State.