with schedule and charts

Original Size

This payment calculator assumes monthly payments while user enters number of years. User has fewer options with this calculator than with other calculators on this site, but that makes the calculator faster to use and smaller - making it a particularly good choice for smaller screens. (Though our other calculators will work fine on small screens too.)

This calculator will solve for any one of four possible unknowns: "Amount of Loan", "Number of Years" (term), "Annual Interest Rate" or the "Payment Amount".

Enter a '0' (zero) for one unknown value.

Normally you would set the "Payment Method" to "Arrears" for a loan. This means that the monies are lent on one day and the first payment isn't due until one period after the funds are received.

If the first payment is due on the day the funds are available, then set "Payment Method" to "Advance". This is typical for leases.

How can I adjust the loan date and first payment due date?

Katrina Wegmann

There are 2 calculators which should serve your needs:

Amortization Schedule

Time Value of Money

The amortization schedule is simpler to learn, but not as flexible. The TVM calculator will let you set the individual payment dates. If you give the TVM a try, then see tutorial #1 – the link is about half way down the page.

Please let me know if you need something else.