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
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.
years
months
%
Results:
Payment Every Month
$1,110.21
Total of 120 Payments
$133,224.60
Total Interest
$33,224.60
Principal
Interest
Deferred Payment Loan: Paying Back a Lump Sum Due at Maturity
years
months
%
Results:
Amount Due at Loan Maturity
$179,084.77
Total Interest
$79,084.77
Principal
Interest
Bond: Paying Back a Predetermined Amount Due at Loan Maturity
Use this calculator to compute the initial value of a bond/loan based on a predetermined face value to be paid back at bond/loan maturity.
years
months
%
Results:
Amount Received When the Loan Starts
$55,839.48
Total Interest
$44,160.52
Principal
Interest
Amortized Loan: Fixed Amount Paid Periodically
Many consumer loans fall into this category of loans that have regular payments that are amortized uniformly over their lifetime. Some of the most familiar amortized loans include mortgages, car loans, student loans, and personal loans.