New Design Not working For You?

If the new page layout is not working for you, please Contact Me and let me know what device, operating system, and web browser (with version numbers) you are using so I can attempt to get the layout working for your setup.

About the Redesign

If you visited this site prior to September 15th, 2018, you've no doubt noticed that I've since launched a complete redesign of the website.

If you're not happy with the new design, I sincerely apologize. I would have preferred to keep the old desktop design, but considering the majority of my site's users are now accessing the site from small-screen, touch-enabled, mobile devices, and considering Google is now penalizing websites for not being mobile/thumb friendly, I was left with no choice but to switch to a responsive, mobile-first design.

The good news is that now that I have combined the three separate versions of the site (mobile, desktop, and ad-free member) into a single design, this will free up a ton of my time for working to make the mobile-optimized calculators more desktop/laptop friendly. In fact, some of the redesigned calculators already offer a desktop-optimized form that becomes visible when you increase the width setting of the calculator (within the "Calculator Preferences" expandable panel).

Thank you in advance for your help and patience as I work to improve the redesign.


Calculator Preferences
Monthly Loan Payment Calculator Sign

Monthly Loan Payment Calculator

This loan calculator will instantly compute the monthly payment amount and interest cost of a loan given the principal amount, the interest rate, and the loan term in number of years. Plus, the calculator also has an optional feature that will calculate how many hours you will need to work in order to pay just the interest costs. The $ecret tab includes The key to getting the greatest emotional return out of the money your earn.

Learn More

Selected Data Record:

A Data Record is a set of calculator entries that are stored in your web browser's Local Storage. If a Data Record is currently selected in the "Data" tab, this line will list the name you gave to that data record. If no data record is selected, or you have no entries stored for this calculator, the line will display "None".

DataData recordData recordSelected data record: None
Principal:Principal amt:Principal amount:Principal amount to borrow:

Principal amount:

Enter the total amount you are considering taking a loan out for, in numeric characters only (0-9 and decimal point).

Rate:Interest rate:Annual interest rate:Annual interest rate:

Annual interest rate:

Enter the interest rate expressed as a percentage, but without the percent sign (for 6.5%, enter 6.5).

Years:Loan term years:Loan term in years:Loan term in years:

Loan term in years:

Enter the number of years you plan to take to repay the loan (whole years only, i.e., no decimal points).

RHW:Real wage/hour:Real hourly wage (optional):Real hourly wage (optional):

Real hourly wage (optional):

If you would like the calculator to estimate how many hours you will need to work to pay the interest on the loan, enter your Real Hourly Wage (RHW).

If you don't know your RHW, tap/click the link to RHW calculator (opens in new window), or use the Pocalc (pocket calculator) to divide your net take-home pay by the number of hours you worked for it.

Or, if you don't care how many hours you will need to work, just leave the field blank.

Payment:Monthly pmt:Monthly payment amount:Monthly payment amount:

Monthly payment amount:

This is how much your monthly principal and interest payment will need to be in order to pay off the loan within the entered number of years.

Interest:Interest cost:Total interest cost:Total interest cost:

Total interest cost:

This is how much interest you will pay the lender between the beginning of the loan and the payoff of the loan.

Work hrs:Work hours:Work hrs to pay interest:Work hours to pay interest:

Work hours to pay interest:

If you entered your RHW this is how many hours you will need to allocate to working in order to pay just the interest charges on the loan.

If you would like to save the current entries to the secure database, tap or click on the Data tab, select "New Data Record", give the data record a name, then tap or click the Save button. To save changes to previously saved entries, simply tap the Save button. Please select and "Clear" any data records you no longer need.

Feedback AppreciatedFeedback Greatly AppreciatedYour Feedback Would Be Greatly AppreciatedYour Feedback Is Greatly Appreciated


Help and Tools

Help and Tools:

This section, which you can Unstick or Hide in the Calculator Preferences (just above the top of the calculator), contains the following tabs (content too long to fit within bordered frame can be scrolled up and down):

About: Click this tab for an introduction to the calculator.

Instructions: Click this tab for step-by-step instructions for using the calculator.

Terms: Click this tab for a list of the descriptions that are located within each popup help button (info icons).

PCalc: Click this tab for a handy "pocket" calculator you can use when you need to calculate an entry needed for the calculator.

Data: Click this tab to save a set of entries or a note in between visits. Entries and notes will be stored to your web browser's local storage (if supported by your browser of choice), meaning they can only be recalled with the same device and web browser you were using when you saved them. If you'd like to save entries and notes between devices you can do so by subscribing to the Ad-Free Member Version.



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