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Free Amortization Schedule, Mortgage Loan Tables Monthly or Yearly, loan amortization schedule.#Loan #amortization #schedule


Free Amortization Schedule | Amortization Chart Monthly or Yearly | Loan Payment Chart

Amortization Schedule | Free Printable Amortization Table |

Loan Amortization Table | Loan Amortization Schedule |

| Amortization Calculations | Early Mortgage Payoff |

Print Out Your Amortization Schedules Free

You choose whether you want to calculate your amortization chart for yearly amortizing or monthly amortizing. Either way this calculator will build a free amortization table for as many mortgages as you want to build and for any length mortgage at any interest rate.

This Website is free for you to use any time you would like to. There is a lot of mortgage knowledge which has been compiled and added to this site. This is the Internet’s best and most complete amortization schedule calculator.

It is very easy to use, as well. All you have to do is enter the amount of the mortgage or loan, the interest rate in the boxes below. Click the button that corresponds to and the length or term of the loan, then click the button that says, click to build the amortization schedule.

Next you will see your completely free amortization schedule appear. It will tell you, your monthly payment before escrow, and it will show you how each month’s payment is broken down. It will tell you how much of the payment went to principal, which actually pays off your balance, and how much goes toward interest, which is wasted money. The schedule, also keeps a running total of the interest and principal payments.

While most amortization schedule calculators only build amortization tables for mortgages, this Free Amortization Schedule will also build them for car loans. As you can see, as well as the longer tem options like, 40 year, 30 year, etc, the more common automobile loan lengths, 3, 4, 5, 6 and 7 year options are available. The option to build a 50 month schedule is included, too. This is because some auto loan lenders now have car loan payment plans with 50 month terms.

Amortization schedules are meant to be built from the beginning of the loan or mortgage, so use the original amount borrowed, not how much you may owe on a loan now. After the schedule is built, you can find out where you are within the term of the mortgage or loan.

Notice,also, that an option to build the schedule as amortized monthly or yearly is included. This is a paper saving option. If you would like to print out a complete amortization schedule, so you can have a hard copy of it, it is very long and uses a lot of paper. So, you have the option of building one that shows how the loan is amortized yearly.

Finally, you will see the terms amortization table, schedule, and chart used on this site and throughout the mortgage world. Amortization tables, schedules and charts all refer to the same thing.


Loan Calculator and Payment Schedule, Not a Toy, amortized loan calculator.#Amortized #loan #calculator


Loan Calculator

Since you may have happened upon this loan calculator to calculate a monthly payment, I’ll cut to the chase. You’ll only need to enter three numbers, and you can leave the other dozen or so options untouched.

Here’s all you need to do.

  • Click clear and enter values for:
    • Loan Amount
    • Number of Payments
    • Annual Interest Rate
  • Leave Loan Payment Amount set to 0.
  • Click either Calc or Payment Schedule.

There you have it. Now you have what you need.

This calculator though offers users so much more. Spend a few minutes with it, and you’ll see. More below.

Will making small, extra payments save me money?
Will paying half the monthly payment every other week save interest charges?
Buying or selling real estate?

VERY IMPORTANT – You must enter a 0 if you want a value calculated. Some users have been frustrated by this. They want to know why the calculator does not just recalculate a payment if they have changed the loan amount, interest rate or term.

This is because we want the calculator to be able to create an amortization schedule using whatever parameters you want to use. This behavior is a feature! After all, there is no such thing as a correct loan payment. The payment amount is correct as long as both the lender and debtor agree to it!

ABOUT DATES – This calculator now allows irregular length first periods. That is, the calculator calculates the exact amount of interest due even when the initial period is shorter or longer than the other scheduled periods. This will result in payment amounts as well as interest charges that do not match other calculators. If you want to match other calculators then set the Loan Date and 1st Payment Date so that the time between them equals one full period as set in Payment Frequency . Example: If the Loan Date is May 15th and the Payment Frequency is Monthly, then the 1st Payment Date should be set to June 15th, that is IF you want a conventional interest calculation. See the end of the Help text for some more details.

Of course, you can always leave the dates set as they are when the calculator loads.

Much More Than a Payment Calculator

Since the calculator will solve for multiple unknowns, it can easily be used to answer the following questions:

  • How much can I borrow?
  • What would my payment be?
  • What is the lending rate?
  • How long will it take to pay off my loan?
  • What date is my loan paid off?
  • NEW – what is the impact of extra payments?

Amortized loan calculator

See the payment schedule for total interest saved.

Loan Calculator Help.

This calculator will solve for any one of four possible unknowns: Amount of Loan , Total Scheduled Periods (term), Annual Interest Rate or the Periodic Payment .

Enter a ‘0’ (zero) for one unknown value.

The term (duration) of the loan is a function of the Total Scheduled Periods and the Payment Frequency . If the loan is calling for monthly payments and the term is four years, then enter 48 for the Total Scheduled Periods . If the payments are made quarterly and the term is ten years, then enter 40 for the Total Scheduled Periods .

The Amortization Method should be set to Normal (level payments) unless you have a specific reason to set it to another method. Fixed Principal causes the amount allocated to principal to be the same each period which result in decreasing payments.

If the terms of the loan call for a 0% interest rate, then the Amortization Method must be set to No Interest, otherwise entering a zero for Annual Interest Rate? will cause the calculator to calculate an interest rate. Selecting No Interest, also lets the user set the payment amount to 0 to tell the calculator to calculate it.

When the first period, the period of time between the loan date and the first payment date is longer than one full period, there will be interest due for the extra days . This is known as odd day interest. Example: if the loan date is March 24 and the first payment date is May 1, then there are 8 odd days of interest – March 24th to April 1st. How the odd day interest is calculated and collected is controlled with the Long Period Options. By default, the odd days interest is shown being paid on the loan date.

Conversely, if the time between the loan date and first payment date is less than the payment period set, then the first period is said to be a short initial period and the first payment will be reduced due to less interest being owed. How the payment amount and interest is calculated for a short period is determined by the Short Period Options.

On a more general note, we have been discussing details about loans, some structured with unusual features, over several decades. At this point, we believe our software calculators can create a schedule for any structured settlement loan that exists. If you have a loan with special requirements, please ask.

Hopefully, you’ll find this loan calculator as well as all the financial calculators on this site to be useful tools. Why not take another sip of your favorite beverage and explore for a few minutes? Start by checking out The Reading Room. Here you’ll find a half dozen articles, written by professionals, about money.


Employment Opportunities at NPC, Northland Pioneer College, Arizona, pioneer loan.#Pioneer #loan


Employment Opportunities at NPC

Pioneer loan

Northland Pioneer College is located at the doorstep of the American Southwest where the high desert meets the White Mountains of northeastern Arizona. Nearby mountains and lakes provide numerous outdoor activities and the desert plateaus and mesas offer endless, beautiful landscapes. Northland Pioneer College offers classes at four campuses and five centers across northeastern Arizona which includes the areas encompassed by three Native American tribes. As a NCA-HLC accredited public community college we serve over 8,000 students annually in courses and programs.

Pioneer loan

▶ Current list of Northland Pioneer College jobs

For further information call:

Human Resources at (928) 524-7473
or you can send them an e-mail.
Fax: (928) 524-7477

NPC’s Office of Human Resources is located on the

Painted Desert Campus at 2251 E. Navajo Blvd., Holbrook, AZ 86025.

Navajo County Community College District, dba Northland Pioneer College,

is an affirmative action/equal opportunity employer.

Northland Pioneer College does not discriminate on the basis of race, color, national origin, veteran status, religion, marital status, gender, age or disability in admission or access to, or treatment or employment in its educational programs or activities. District grievance procedures will be followed for compliance with Title IX and Section 504 requirements. The Affirmative Action Compliance Officer is the Director of Human Resources, 2251 E. Navajo Blvd., Holbrook, AZ 86025, (928) 524-7471. The Section 504 Compliance Officer is the Coordinator of Disability Resource and Access, 1001 W. Deuce of Clubs, Show Low, AZ 85901, (800) 266-7845. The lack of English language skills will not be a barrier to admission and participation in vocational education programs. Revised 9-12-14


Local & Independent Since 1876, pioneer loan.#Pioneer #loan


pioneer loan

SPEARFISH — More sanitary sewer trunkline is set to get upsized in Spearfish.

BH Pioneer now official paper of Meade School District

  • 19 hrs ago
  • 0

STURGIS — The Black Hills Pioneer received designation Monday as the Meade 46-1 School Board’s official newspaper, as per recommendation of the school district’s attorney.

Troublesome water line in Lead to be replaced

  • 19 hrs ago
  • 0

LEAD — Engineers are inspecting a water line in Lead to determine what it will cost to replace the pipe that serves nine homes along Summit and Houston streets.

Home construction from the ground up

  • +4
  • Nov 14, 2017
  • 0

BELLE FOURCHE — Two juniors and six seniors comprise this year’s residential construction course at Belle Fourche High School where the annual house building project is on track for spring completion.

Sports

Broncs look toward state A tourney

  • +3
  • 19 hrs ago
  • 0

BELLE FOURCHE — Belle Fourche begins the state A volleyball tournament Thursday when the third-seeded Broncs face number 6 Sioux Valley at 6 p.m. The Rushmore Plaza Civic Center Barnett Arena in Rapid City hosts all matches.

BHSU volleyball earns first NCAA Division II post-season bid

  • Nov 14, 2017
  • 0

SPEARFISH — The Black Hills State University women’s volleyball team earned its first NCCAA Division II postseason bid in school history after Chadron State lost both of its matches on Friday and Saturday night.

Spearfish boxers competing at USA Boxing Elite Championships

  • Nov 13, 2017
  • 0

By Dennis Knuckles

Yellow Jacket men defeat Yellowstone

  • +3
  • Nov 13, 2017
  • 0

SPEARFISH — Black Hills State University shot 60 percent from the floor Saturday night and blitzed Yellowstone Christian 99-64 in nonconference men’s basketball action at the Young Center, in Spearfish.

Obituaries

Joan Mary Ainsworth, 90

  • 19 hrs ago

Joan Mary Ainsworth, 90, of Spearfish, passed away on Nov. 9,

LaVae Gilbertson, 81

  • 19 hrs ago

LaVae Gilbertson, 81, of Spearfish, passed away on Nov. 12, 20

Elaine Marie Pfeifer Schmidt

  • 19 hrs ago

Elaine Marie Pfeifer Schmidt passed away peacefully Saturday,

Glenn Arthur Hogen, 89

  • 19 hrs ago

Glenn Arthur Hogen, 89, from Spearfish, completed his earthly

Candace J. Huhn, 65

  • 19 hrs ago

Candace J. Huhn, 65, of Belle Fourche, passed away Nov. 9, 201

Opinion

Sheldon Reese: SD bicycle salesman, inventor, doll collector, and more

  • Nov 10, 2017
  • 0

Interesting things catch my eye as I page through history books looking for topics for this column, and recently, the caption of a photo of a man in an early automobile caught my attention. It read, “Sheldon Reese, in his mid teens, invented an innovative automobile that gained publicity wor

He dresses like a million bucks

  • Nov 9, 2017
  • 0

How does a guy spend a million dollars on clothes?

The little Nemo engine that could

  • Nov 3, 2017
  • 0

Whenever I pass huge semi-trailers on the interstate, I always marvel at how things have changed through the years. At one time, animals pulling wagons were the only way to transport large amounts of freight through areas without waterways. Homestake Mine used such teams before the railway m


Amortization Schedule Calculator, loan amortization calculator.#Loan #amortization #calculator


Amortization Schedule

Currently the Amortization Schedule Calculator is the most popular financial calculator on this website. It calculates one of four unknowns or you can provide all the values. You are also in control of the loan and first payment dates. More below.

Ultimate Investment Calculator
Recently Updated

  • Calculate tax benefits
  • Appreciated value
  • User can set dates
  • Extra payments
Rental Property Calculator
Will making small, extra payments save me money?
Retirement Calculator
Will paying half the monthly payment every other week save interest charges?

Loan amortization calculator

Loan amortization calculator

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Related: Need to amortize a really big debt? US National Debt Calculator handles debts to $99 trillion. Amortize entire debt or your family’s share of the debt (surprise!). Also, generic use for bond coupon schedules.

Important Note About Dates: This calculator allows irregular length first periods. That is, the calculator calculates the exact amount of interest due even when the initial period is shorter or longer than the other scheduled periods. This will produce interest charges that do not match other calculators . If you want to match other calculators then set the Loan Date and 1st Payment Date so that they equal one full period as set in Payment Frequency . Example: If the Loan Date is May 15th and the Payment Frequency is Monthly , then the 1st Payment Date should be set to June 15th, that is IF you want a conventional interest calculation. See the end of the Help text for some more details.

Loan Payment Schedule Help

Every loan has four primary attributes or variables. (1) The loan amount, (2) the number of payments, (3) the annual interest rate and (4) the payment amount.

Enter any 3 values and zero (‘0’) for the unknown value. Click the [Calc] button to solve for the unknown and create a schedule.

Note: you can enter a non-zero value for all 4 variables. In that case, your inputs will be used to create the amortization schedule.

The Loan Date is the date the monies are advanced. It is also called the origination date .

The First Payment Date is the date the first payment is due. It may be the same date as the Loan Date but not usually. When they are the same, this is known as Payment-in-Advance . Leases are typically paid-in advance.

Payment Frequency determines how often payments are due. Monthly is the most common in the USA.

Compounding impacts how interest is calculated. In most cases Compounding should equal the Payment Frequency .

Points are charged on some loans by the lender. Points are expressed as a percentage of the loan amount. A 300,000.00 loan with 2 points results in an extra fee due the lender of 6,000.00. Points are common for mortgages in the US only. Normally, you will want to leave this input set to 0.0%.

The Amortization Method should usually be set to Normal . If the loan originates in Canada then you’ll want to set this to the Canadian method. In some special cases loans will have only the interest paid as the regular payment or no interest at all. In that case, you can set the Amortization Method to accommodate those types of loans. The Rule-of-78’s is sometimes used for car loans or other consumer loans.

To print any loan schedule, click on Print Preview and then Print this schedule .

When the first period, the period of time between the loan date and the first payment date is longer than one full period, there will be interest due for the extra days . This is known as odd day interest . The odd day interest, with this schedule, is shown as being paid on the loan date. Example: if the loan date is March 24 and the first payment date is May 1, then there are 8 odd days of interest – March 24th to April 1st.

Conversely, if the time between the loan date and first payment date is less than the payment period set, then the first period is said to be a short initial period and the first payment will be reduced due to less interest being owed.

What is amortization? According to vocabulary.com, amortization means a debt is being paid off by a series of payments . When people search for an amortization calculator, they search for it using many different search phrases. If you are searching for any of these financial calculators, this calculator should meet your needs. If it doesn’t, feel free to tell me what you need in the comment area below and there is a good chance I’ll be able to make a recommendation.

Related: Don’t over pay, don’t under collect. If you need to track payments on the exact date they are paid (or missed) for whatever amount, then use the loan payoff calculator. For a step-by-step example see the payoff calculation tutorial.

This website has dozens of financial calculators that create various amortization schedules, payment schedules, withdrawal schedules and general cash flow schedules. This is a complete list of our free, online calculators. Feel free to surf!

Need More Features?

auto loan calculator have all recently been updated.

  • Supports setting dates – just like this calculator
  • User controls when and how odd day interest is due
  • Do what-if with extra payments
  • User can select last month for year end totals

Provident Fund (PF) and Voluntary Provident Fund (VPF), Financial Planning Demystified, provident loan.#Provident #loan


Provident Fund (PF) and Voluntary Provident Fund (VPF)

Provident Fund (PF) and Voluntary PF (VPF) are two investment avenues that most salaried people invariably encounter. This article explains what PF is, and also talks about Voluntary Contributions to the PF account. Here’s how you can use PF and VPF to create a great base for a great retirement.

If you are salaried, there is no way you would have not heard of Provident Fund (PF). In fact, there is no way you would have not invested in it! Well, it is because PF is a compulsory investment for all salaried people (PF is compulsory if you work for a company having 20 or more employees)

Note: Provident Fund is also referred to as Employees Provident Fund, or EPF.

Since you are forced by the government to invest in PF, let’s understand it better, and see how it can be so useful in building a retirement corpus for you.

What is Provident Fund (PF)?

PF is a long term investment. It is one of the lowest risk investment avenues, as it is backed by the government.

Each month, a certain percentage of your salary (usually, a percentage of your Basic Pay) is invested in it. This percentage varies from company to company, and is usually between 8% and 12%. (12% is the norm).

PF, Income Tax (IT) and the double benefit

Your contribution towards PF is considered as a part of investments under Section 80C of the Income Tax (IT) Act. Thus, this amount gets deducted from your salary, and you do not pay any tax on it!

Moreover, the company you work for contributes an equal amount to your PF account on your behalf.

And that’s the best part – it’s not just you making the investment: the company makes an equal investment for your retirement! Isn’t that great? It’s free money, after all!

(Well not totally free – for those of you working for private companies, the company’s contribution to PF would be part of the cost to company – CTC – salary computation).

Interest Rate for PF

The rate of interest that you earn on your PF investment is fixed by the Central Government every year in March / April. The rate of interest changes every year, but due to the nature of politics in India, it is usually higher than the prevailing market rates.

The current rate of interest on PF (for FY 2010-11) is 9.5% (now you know what I mean when I say it is usually higher than the prevailing market rates!)

How do you get your money back?

PF is a long term investment, and it is meant to give you a sizable lump-sum amount at the time of your retirement. Thus, you get your PF money back at the time of your retirement.

(Note: There are other ways in which you can get your PF money back, like taking a loan from your provident fund account. But it is not prudent to use your retirement savings for anything other than retirement – so I have not talked about those avenues here)

(Please go to the bottom of the page to download forms to transfer or withdraw your PF money)

Income tax benefit a recap

The amount you have invested, the amount that your company has invested on your behalf and the interest earned on these amounts. Tax-free.

Yes, tax free! There is absolutely no income tax on provident fund money withdrawn at the time of retirement.

Summing Up

I am sure you see the benefits of PF now:

  • Immediate income tax (IT) benefit under Sec 80C
  • Equal contribution by your company
  • Interest rate usually higher than prevailing market rate
  • Totally tax free returns

Can it get better than this?? No – not for people seeking long term, risk free avenues of investment.

Example

Let’s see an illustration to demonstrate the power of provident fund.

Let’s say you are just starting out. Your working life is, say, 35 years. You start with a basic salary of Rs. 10,000. Every year, on an average, you get a 5% increment. Also, you get a promotion every 5 years, and get a pay hike of 20% when you get promoted.

You contribute 12% of your basic salary towards PF (which is matched equally by your company).

Login Required Want to know the figures for your exact situation? Download this spreadsheet that has all the detailed calculations for the PF illustration. You can change the parameters to suit your need, and find out the exact amount that you can expect from your EPF account when you retire.

In this case, over the course of 35 years of your working life, you make a total contribution of Rs. 22.64 Lakhs.

(Remember, I haven’t considered the Sec 80C income tax benefit in these calculations – if your entire amount is eligible for 80C deduction, and you are in the highest tax bracket, you would have saved 30% of your investment every year. This means that your actual investment would only be Rs. 15.85 Lakhs!)

Of course, your company makes an equal contribution of Rs. 22.64 Lakhs.

And this amount grows into hold your breath Rs. 1.5 Crores at the time of your retirement! Now, that s a good amount for your retirement corpus!! This amount can serve as a solid base for your retirement, especially because it is virtually risk free.

Other Options

You should plan on investing more in other avenues to get the actual amount you need for your retirement.

One option is to make voluntary contributions to the same PF account. (This is discussed later in the article).

But if want to invest smartly, you should invest in stocks for retirement. This is because stocks give the best return on your investment in the long term. (Please read “ Stocks The winning bet for the long term ” to know more about long term investment in stocks).

So, for a long term goal like retirement, you should definitely invest a good portion of your savings in stocks. To know how to invest small amounts periodically to achieve large long term goals, please read “ Goal Based Investing ”.

Other things you should know about Employees Provident Fund / EPF / PF

  • The PF balance can be transferred when you change jobs (You can download the relevant form at the end of this article)
  • You can define a nominee for your PF account
  • You get an annual statement of your PF balance

Login Required Want to know the figures for your exact situation? Download this spreadsheet that has all the detailed calculations for the PF illustration. You can change the parameters to suit your need, and find out the exact amount that you can expect from your EPF account when you retire.

Voluntary Contributions to Provident Fund (VPF)

Now, if you are very risk averse and want a safe option like PF, voluntary contributions to PF, or VPF, is the way to go.

It’s simple: You contribute more towards your PF, over and above the 12% mandated by the government.

This additional voluntary contribution enjoys all the benefits of PF, except that the company doesn’t contribute an equal amount.

But still, the interest rate is equal to the rate of interest for PF, and the withdrawal on retirement is tax-free.

Thus, as I said earlier, VPF can be a good option if you are very risk averse and want a safe option like PF.

Please note that the maximum contribution allowed towards VPF is 100% of your basic + dearness allowance (DA).


SPS Loan Modification – Cut Payments by Upto 50%, loan payments.#Loan #payments


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Over 1 Million Troubled Families have got help under HAMP Program, Have You?

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Thousands of struggling families are able to qualify for SPS Loan Modification plan.

If you are facing hardships in making your mortgage payments due to loss of income, income reduction, lay off from work, unemployment, divorce/seperation, upside down home, unaffordable payments, reduction in work, etc then you may be eligible for SPS Mortgage Help.

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Will I Qualify for SPS Loan Modification Plan?

You may be eligible for Loan Modification with SPS if you are facing financial hardships or see it coming in the near future.

Hardships can be anything like,

  • Reduction in Income – Due to Job Loss, Less Salary, Unemployment, Layoff, Divorce, Etc.
  • Unaffordable Payments – Due to High Interest Rate, Adjustable Rate, High Taxes or Insurance
  • Upside down on Home – If you owe more than your home is worth and you can’t refinance
  • Behind on Payments – If you are already late on your mortgage payments
  • Increase in Expenses, Medical/Health Issues, Family Crisis, Business Loss, Etc.

If you Feel you are experiencing ANY of the above, You may be Eligible for,


Loan Amortization Calculator, free loan calculator.#Free #loan #calculator


Amortization Calculator

Payment Summary

Our free Amortization Calculator app is now available to download in the Google Play marketplace.

Free loan calculator

What is an amortization calculator?

An amortization calculator determines payment information for any type of loan although it is most commonly used for mortgages. It requires a starting amount (principal), an annual interest rate and a length in years or months (term). Based on that information it calculates the monthly payment that is required to pay off the loan in the term length. In most cases, it is assumed the interest rate is fixed and does not change over the course of the loan. It is also assumed that there is only one payment per month.

How is the monthly payment determined?

Calculating the monthly payment amount requires a complex formula because it has to account for interest. Each month the amount of interest that is owed changes as the remaining balance of the loan decreases. Taking this into consideration, the formula generates the exact amount that needs to be paid each month to account for interest and be able to pay off the loan in the term length. Don’t worry about the specifics of this formula as is it is much too complex to calculate yourself!

What is an amortization schedule?

Most amortization calculators will also give you the option to generate an amortization schedule. Think of an amortization schedule like a detailed payment plan for your loan. It lists each payment and breakdowns how much of that payment is interest and how much goes toward the principal. It will also track the remaining principal and how much total interest you’ll end up paying. Be aware that amortization schedules are somewhat simplified as they don’t account for taxes, fees, extra payments, refinancing or changes in the interest rate. Additionally, rounding needs to be done to display payment amounts so that can be lead to results that appear slightly different but are still accurate.


FinAid, Calculators, Loan Calculator, loan payments.#Loan #payments


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This Loan Payment Calculator computes an estimate of the size of your monthly loan payments and the annual salary required to manage them without too much financial difficulty. This loan calculator can be used with Federal education loans (Stafford, Perkins and PLUS) and most private student loans. (This student loan calculator can also be used as an auto loan calculator or to calculate your mortgage payments.)

This loan calculator assumes that the interest rate remains constant throughout the life of the loan. The Federal Stafford Loan has a fixed interest rate of 6.8% and the Federal PLUS loan has a fixed rate of 7.9%. (Perkins loans have a fixed interest rate of 5%.)

This loan calculator also assumes that the loan will be repaid in equal monthly installments through standard loan amortization (i.e., standard or extended loan repayment). The results will not be accurate for some of the alternate repayment plans, such as graduated repayment and income contingent repayment.

Loan fees are used to adjust the initial loan balance so that the borrower nets the same amount after the fees are deducted.

Some educational loans have a minimum monthly payment. Please enter the appropriate figure ($50 for Stafford Loans, $40 for Perkins Loans and $50 for PLUS Loans) in the minimum payment field. Enter a higher figure to see how much money you can save by paying off your debt faster. It will also show you how long it will take to pay off the loan at the higher monthly payment. You can also calculate private student loan eligibility on comparison sites like Credible.

The questions concerning enrollment status, degree program and total years in college are optional and are designed to evaluate whether the total debt is excessive. The total years in college should include the total number of years in college so far (or projected) corresponding to the loan balance, including previous degrees received.


Simple Interest Calculator, simple loan calculator.#Simple #loan #calculator


Simple Interest Calculator

This simple interest calculator calculates interest between any two dates. Per Dictionary.com simple interest is interest payable only on the principal . Interest is never earned or collected on previous interest. More below.

Do you have 3 minutes for your future?
Need to calculate a rate of return on multiple investments?
Saving for a Future Expense?

Simple interest is the interest calculation method that is least beneficial to savers and the most beneficial to borrowers. But note, if payments on a debt are paid as frequently as the compounding and the payment covers the interest due, then even if the terms of the loan call for compounding, there will be no impact on the total amount paid because at no point will there be any unpaid interest.

When the terms of a debt call for a simple interest calculation, if a payment does not cover the interest due, the unpaid interest must be tracked separately from the unpaid principal balance (also known as the US Rule). We believe that our Time Value of Money Calculator is the only online financial calculator that gives users this option and creates a schedule that shows the unpaid interest balance.

Simple Interest Calculator Help

Enter an amount and a nominal annual interest rate.

Date Math: If you change either date, days between dates will be calculated. If you enter a positive number of days, the end date will be updated. If you enter a negative number of days the start date will be updated.

The above means you can calculate interest for a specific number of days and not worry about what the dates are. If you need to know the interest for 31 days, then enter 31 for the number of days and don’t worry about the dates.

Set the compounding and days-in-year. Click Calc . Interest and future value are calculated (FV is starting amount plus the interest.) Annual percentage yield is used for comparing investments. It is the rate institutions must quote in the US for interest bearing accounts. The holder of such an account can use the APY to compare accounts.

Interest is calculated based on the number of days. In this case, the amount of interest will be different for February and March.

This site also has a Compound Interest Calculator

Simple loan calculator

Do You Have 20 Seconds?

70 thoughts on simple-interest-calculator

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I found this today through need and it did exactly what I wanted it to do. It was very easy to work out and use. Good work.

Bank staff wouldn t tell me how to compare income from higher-rate fixed term deposit (of say $2000) with income from lower compounding rate in online account. Eventually compounded income has to catch up but in 3 or 30 years? Makes it hard to decide which a/c to put your money in.

Haven t tried a test run on your website yet.

There s a better calculator for you to use. Compound Interest Calculator. It allows the user to calculate both compound and simple interest. Hope you found it.

You re the man Karl. This calculator rocks!

Do you have or know of a calculator I can use to calculate simple/balloon interest for multiple loan amounts with the same interest rate that are all invested into the same investment on multiple dates but all get paid off on the same single date? I am a builder and we often borrow money from private investors for the same project. For example, Investor Karl gives me $300k on 2/1/2016 to purchase the investment property/house to have some initial working capital. When the $300k is all used up, I borrow another $100k from Investor Karl on 6/15/2016. When that is used up, I borrow another $100k from Investor Karl on 12/1/2016. I need just $50k more to finish up renovating or building the home, so I borrow $50k more from Investor Karl on 2/1/2017. ALL of the loans are at a standard 8% interest rate with a balloon interest payment all principle paid back at the same time upon closing the sale of the subject renovated or new home, which let s say is happening tomorrow, 4/1/2017. I owe Karl a check for $550k to return all loans immediately after closing on 4/1/2017. To figure out the check I owe Karl for interest on his multiple loan amounts starting on multiple dates I enter into your simple interest calculator each start date (which varies), each loan amount (which varies), and the interest rate (which remains the same 8% in this case) end date (which remains the same 4/1/2017 in this case) 4 separate times to calculate the interest on the 4 loans and then I write them down and add them up. This example is pretty easy, but on projects where I may have 18 different loan amounts on 18 different dates it gets time consuming to do 18 different interest calculations and add them all up in the end for a final total interest figure. If you had a calculator that would allow a borrower or investor to calculate total simple interest owed on multiple loan amounts on varying dates over time to be paid back all on the same day (upon a closing), that would be sweet!

Hi Jon, this calculation can easily be done by the Ultimate Financial Calculator on this site. Scroll down the page and there is a list of financial calculations. Check them out. Everyone should look at #1 to get an overview of how the calculator works. Then you ll be most interested in:

11. Construction Loan

Generally a short term loan with multiple borrows

And I m not sure from your example, if you ll need this one or not. You might if you make periodic interest only payments.

14. Interest Only Loan

Initial series of interest only payments

Basically what you ll be doing is entering the investment you mention as loans . The final line will be an Unknown payment amount on the date you expect to pay it back. The calculator will calculate accrued interest and principal due.

Please let me know how this works for you.

This calculation has saved me so many times

From having a nervous breakdown when I have to do interest once a month. I would not hesitate to recommend it to anyone. Thank you for making it simple. This is a blessing from God

Please consider an update to the functionality of the date ranges. If I have to change just the month, I have to delete the whole thing. I wish I could just click and change specifically what I want. Also, remove the requirement to add a 0 before a month (05/01/2017). Other programs I use requiring me to enter a date range are more user friendly. This one has a learning curve for me and I do use it often for me job.

Thank you for your consideration.

Hi JT, sorry not to reply yesterday. Time just got away from me.

No doubt about it, date entry has caused users (and me) more headaches than anything else on this site. I am a bit confused as to how you are entering or changing dates. Do you want to type a date or do you want to use the pop-up calendar?

If you want to type dates, do not try to edit them. When you tab to a date input, the date will be selected. Though it would seem to be faster to edit a date, in fact, typing 8 numbers is faster than trying to use a cursor key (which are blocked) and moving the input point a couple of digits, then use delete or backspace and then finally typing a month. (Or alternatively, taking your hand off the keyboard and using the mouse to click on the month part say and then edit it).

So, if typing, and if you re in the US, just tab to a date, and type:

for today. Don t type the date part separators even.

If you want to change the date with the mouse, click on the calendar. If you want to change the month only, after the calendar opens, click in the top center on the current month and the calendar changes to month display. Select the month. Click the date again and the calendar will close. So, by my count, it takes 3 clicks of the mouse, if you want to use the calendar, to change to any month in the current year.

Note the image of the calendar to the right of the calculator is attempting to get usage across.

About dropping the 0 in the date. That makes the code for handling dates a lot more complex. Having a date that is typed in always be 8 digits reduces complexity by many time, especially when supporting international date conventions.

I m using it to calculate late payment penalties owed. Worked just fine, thank you for the site.