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
Loan Interest Payment Calculator Sign

Loan Interest Payment Calculator

This calculator will calculate the interest-only payment on a principal balance for all of the most popular payment frequencies. Results include a chart showing what would happen if you made no payments for one year. The Learn tab includes:

  • What is an interest only loan?
  • "Benefit" of interest only loan.
  • Making interest payment is better than no payment.
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
Balance:Principal balance:Current principal balance owed:Current principal balance owed:

Current principal balance owed:

Enter the current balance owed on the loan (loan payoff). Enter as a dollar amount but without the dollar sign and any commas. If you don't see this amount listed on your current statement, call your lender and ask for the current payoff amount.

Rate %:Interest rate %:Interest rate percentage:Interest rate percentage:

Interest rate percentage:

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

Pmt freq:Payment frequency:Loan's stated payment frequency:Loan's stated payment frequency:

Loan's stated payment frequency:

Select the loan's stated payment frequency from the drop down menu.

IO payment:Interest only pmt:Interest only payment amount:Interest only payment amount:

Interest only payment amount:

This is the amount of the interest you are being charged on the balance owed for the current period.

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
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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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