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.

-Dan

Calculator Preferences
Free Loan Amortization Calculator Sign

Free Loan Amortization Calculator

This calculator will calculate the unknown loan variable if the other three variables are known, plus give you the option to create and print a free loan amortization schedule.The calculator is most often used for finding the current payoff amount, since the other 3 variables are typically known.

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
Interval:Pmt interval:Payment interval:Payment interval:

Payment interval:

Select the payment interval stated in the original loan terms.

Balance:Principal amt:Principal or current payoff:Principal or current payoff amount:

Principal or current payoff amount:

If known, enter the principal balance or current payoff amount. Otherwise leave blank and complete the other three fields.

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

Annual interest rate:

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

If the interest rate is not known, to save the calculator from making unnecessary iterations, please select your best guess from the drop down menu (default guess is 10%) and the calculator will attempt to calculate the rate for you given the other three loan terms.

# pmts:# pmts left:Number of payments left:Number of payments remaining:

Number of payments remaining:

If known, enter the number of payments remaining on the loan. Otherwise, leave blank and complete the other three fields.

Pmt:Payment amt:Monthly payment amount:Monthly payment amount:

Monthly payment amount:

If known, enter the monthly payment amount, without the dollar sign or any commas. Otherwise, leave blank and complete the other three fields.

Missing term:

Missing loan term:

This row will state the the title of the missing term that has been calculated, with the amount of the missing term located in the right-hand column.

Total years:Total years:Total years remaining:Total years remaining:

Total years remaining:

This result is the number of monthly payments remaining converted into the number of years remaining.

Total pmts:Total payments:Total of payments remaining:Total of payments remaining:

Total of payments remaining:

This result is the total of all payments between now and when the loan is paid off.

Total interest:Total interest:Total interest remaining:Total interest remaining:

Total interest remaining:

This result is the total interest that will be paid between now and when the loan is paid off.

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.

1st or next payment:1st or next payment:1st or next payment:First or next payment date:

First or next payment date:

Indicate the date the first or next payment is due. If you leave the year field blank, the amortization schedule will show today's date as the date of the first payment. Note that the calculator only includes interest for the selected payment period (does not include additional interest which may be charged when the first payment is longer than one payment period from the origination date).

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Tip

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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