July 2020: Major Update: Ultimate Financial Calculator    3 New Calculators: Refinance Calculator, Lease vs. Buy Calculator & Break-Even Calculator



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4 Comments on “Fixed Principal Payment Calculator”

financial online calculator Join the conversation. Tell me what you think.
    • You can use this amortization calculator.

      Normally, setting one of the 4 main inputs (loan amount, number of payments, interest rate or payment amount) to zero causes the calculator to solve for that input.

      In your case, since there’s no interest, the interest rate is 0.0%, and you’ll not want the calculator to solve for a rate.

      Therefore, look at the "amortization method" and select "No Interest".(Then you can enter zero for the interest rate.)

      Hope this helps.

  • A start date would be useful. Also, for daily compounding, monthly interest would not be annual interest / 12, but either 30 or 31 days of daily interest, depending on the month (28 for Feb, of course). Thanks.

Comments, suggestions & questions welcomed...