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, Deferred Payment Loan, or Bond.
| Payment Every Month | $1,110.21 |
| Total of 120 Payments | $133,224.60 |
| Total Interest | $33,224.60 |
| Period | Payment | Principal | Interest | Balance |
|---|
| Amount Due at Loan Maturity | $179,084.77 |
| Total Interest | $79,084.77 |
| Year | Accrued Interest | Balance |
|---|
| Present Value (Amount Needed Now) | $55,839.48 |
| Total Interest | $44,160.52 |
| Face Value (Amount at Maturity) | $100,000.00 |
| Year | Accrued Interest | Value |
|---|
Amortized Loan: Paying Back a Fixed Amount Periodically
Use the Amortized Loan calculator for basic calculations of common loan types such as mortgages, auto loans, student loans, or personal loans. This type of loan has fixed payments paid periodically until loan maturity.
Deferred Payment Loan: Single Lump Sum Due at Loan Maturity
Many commercial loans or short-term loans fall into this category. Unlike amortized loans, deferred payment loans have a single lump sum (including all principal and interest) due at loan maturity.
Bond: Predetermined Amount Due at Loan Maturity
This calculator can be used to compute the initial value of a bond/loan based on a predetermined face value to be paid back at bond/loan maturity.