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11 thoughts on “fixed-principal-payment-calculator

  1. Correct, with this calculator, the user cannot set the dates. However, please use this amortization schedule.

    Under the “Amortization Method” option, you’ll see fixed principal.

    And with this calculator you can set the loan and first payment date to be whatever you want them to be.

  2. I want to make the same payment monthly for principal and interest and let the additional interest help pay down principal. IE $1000 toward principal $500 toward interest. Interest recalculates automatically though as the principal reduces. Can I change that?

    • Not a problem. However, you will not want to use this calculator. Rather use the amortization calculator. And, instead of having the calculator calculate a payment amount, enter the payment amount that you want to make. Click the schedule button. The payment will pay the interest and the rest will pay down principal. If the payment you enter, is not enough to pay the interest, then you’ll see negative amortization.

  3. Pls give me a even principal pay ment schedule having term loan 1500000 rate of interest 13.10 tenure 60 months starting from july1 2016, even
    principal 25000fixed,l oan date22/06/2016 pay ment starts from 01/07/2016

    • Please use this Time Value of Money Calculator to do what you want.

      Scroll down the page and look for this tutorial:

      21. Calculate PV of Fixed Principal + Interest Loan
      Calculate PV of the declining payment amount
      Demonstrates the cash flow analytics of this calculator

      for instructions.

      If you have additional questions, I’m happy to answer them but please do not reply to the email you’ll receive. Rather post your questions on the calculator’s page.

    • I don’t create Excel calculators. What you can do is use this calculator and from the payment schedule view, you can select the entire schedule and copy and paste it into Excel. If you do that, you may have to use Excel’s “Paste Special” feature and select the paste unformatted option.

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