a tvm financial calculator
Ultimate Financial Calculator™

Time-value-of-money calculations with regular or irregular cash flows. Solve for:

  • Present Value (PV)
  • Future Value (FV)
  • Payment amount, rate or term
  • Exact loan payoff amount
  • 25 step-by-step tutorials

The Ultimate Financial Calculator (UFC) is the most sophisticated, most flexible calculator on and I think on the entire internet. It works extraordinarily well as both a time value of money calculator and as a loan or mortgage payoff calculator.

See the tutorials below for step-by-step instructions.

If you are someone who needs date accurate results with either regular or irregular cash flows (loans, payments, deposits, withdrawals, investments), this is the calculator you should study and use.


For best results, turn your device   
Idx No Series Date Amount # Periods Frequency End Date Series Options cmpFreq specialSeriesType SpecialSeriesStruct


  Original Size  

What is Time Value of Money?

Time Value of Money (TVM) is the concept that the value of money itself changes over time. Having a dollar today is worth more than a dollar tomorrow. Solving for present value, future value, amount, interest rate and term are some standard time value of money (Wikipedia) calculations. The free UFC is capable of performing any of these calculations with regular or irregular amounts as of any date for investment, savings or loan cash flow.

Time value of money example

As a free time value of money calculator, UFC can calculate unknown amounts for complex and irregular cash flows. The below example answers the question, "How much do I need to invest for 48 quarterly periods to have a total future value that will then let me withdrawal $1,000 monthly for 180 months?"

To answer this question, set the calculator up as shown:

time value of money calculation setup
Time value of money unknown cash flow setup
time value of money calculator result
TVM calculator showing unknown investment cash flow amount result

If you are someone who regularly needs to do TVM calculations, then it is worth your time to study the features this calculator offers. It can replace easily three-quarters of the calculators found on this site — and on other websites too!

Calculator's Features

Solve for any unknown

  • Payment or loan amount
  • Deposit or withdrawal
  • Yields: APR, APY or IRR
  • Balance as of a specific date
  • Date a specific balance is reached *
  • Present value (PV)
  • Future value (FV)
  • Balloon payment amount
  • Payment required to reach a specific balloon
  • Number of payments
  • Interest rates - nominal or effective *
  • Discounted values
  • Remaining balance
  • Deposit required

Any type of calculation method

  • Normal amortization or investment
  • Rule-of-78s
  • Canadian methods
  • US Rule — simple interest
  • Supports 360, 364 and 365 day years
  • Exact day or periodic interest calculations

Scheduled (but adjustable) Payment Frequencies

  • Daily
  • Weekly
  • Bi-weekly
  • Twice monthly (Half-month)
  • Every 4 weeks
  • Monthly
  • Bi-monthly (every two months)
  • Quarterly
  • Every 4 months
  • Semi-annual
  • Annual

 * Feature only available in C-Value! ™,
our cash flow calculator for Windows™

Flexible Reports & Schedules

  • Amortization & investment schedules
  • Schedules with details or totals only *
  • Custom headers and labels *
  • Change fonts, colors *
  • Select a fiscal year end *
  • Reg. Z APR disclosure report *

Handles any type of cash flow

  • Normal
  • Interest only
  • Enter your own payment amount
  • Negative amortization
  • Skipped payments or deposits
  • Fixed principal + interest
  • Percent step amounts
  • Dollar step amounts
  • Balloon payments
  • Extra payments — principal only
  • Payments to interest
  • Cash flow amounts set to any random date

Compounding Frequencies

  • Exact day simple
  • Daily compounding
  • Weekly
  • Bi-weekly
  • Twice monthly (Half-month)
  • Every 4 weeks
  • Monthly
  • Bi-monthly (every two months)
  • Quarterly
  • Every 4 months
  • Semi-annual
  • Annual
  • Continuous
  • Change the frequency of compounding during a cash flow
  • No compounding option when rate changes

Using UFC as a Mortgage or Loan Payoff Calculator

A well-designed loan payoff calculator will answer any of these questions:

  • How many payments do I have left?
  • When will my loan be paid off if I make extra payments?
  • What payment is required to pay a loan off by a given date?
  • The borrower missed payments, paid late and paid additional amounts and there were interest rate changes, what is the exact loan balance due as of today?
C-Value!, A TVM Calculator for Windows

An extremely flexible time-value-of-money calculator for Windows computers.

  • Loan or investment calculations.
  • Cash flows can be regular or irregular
  • Create and print schedules.
  • Save your data to disk for later use.

Suitable for auditors, accountants, lawyers and you!

Answering the first three questions is straightforward and takes but a second, but, as you may have guessed, calculating the payoff amount for the fourth scenario is more involved. For instructions on how to use the UFC as a tool for tracking a mortgage or loan balance with payment and interest rate changes, read my tutorial Calculate Loan Balance — Loan Payoff Calculation.

Mortgage or loan payoff examples

If you want to know how many payments are left or when the last payment is due, enter the current interest rate (4% for our example) and set compounding. Then in row one, enter the last known loan balance and the balance as of date ($250,000 and Sept. 1). In the 2nd row enter the due date of the next payment after the loan balance date in row one (this may also be the balance date), enter the scheduled payment amount, set "#Periods" to "Unknown" and set the payment frequency (monthly). Your screen will look like this:

loan payoff calculator setup
Loan payoff calculator setup

After clicking "Calculate," your screen should look like below. There are 143 remaining payments, and the last payment will be due on August 1.

loan payoff calculator result
Loan payoff result showing payments remaining and due date of the last payment.

Now, let's delve in a bit deeper. You plan to pay an extra $150 a month on your mortgage, and you want to know the payoff date. The UFC excels as an early payoff calculator. If we use the above example, all you need to do is change the payment amount to $2,350.00 and set "#Periods" to "Unknown" again.

mortgage payoff calculator setup
Example showing early loan or mortgage payoff calculator setup

Click "Calculate" once again. Your screen should look like below. Now only 132 payments are remaining, and the last payment will be due on September 1 a year earlier.

mortgage payoff calculator result
Early payoff result showing payments remaining and due date of the last payment.

Now, if you're lucky, the mortgage is paid off just as the first child is going off to college. :-)

Financial Calculations Step-by-Step Tutorials


The below tutorials walk you through the steps for setting up the indicated financial calculation. I recommend that you right click on a link and select "Open in New Window" so you can have the calculator handy in this window as you read.

  1. Calculate Payment
    • loan or mortgage periodic payment calculation
    • also an introduction to this calculator
  2. Investment Cash Flow
    • calculating final value
  3. Calculate Income From An Investment
    • How to calculate income you can expect from an investment
  4. Adjustable Rate Mortgage or Loan Calculator
    • ARM with interest rate changes on any date you desire
  5. Calculate a Loan's Term
    • How to solve for an unknown number of payments
  6. Calculate Loan Amount
    • How much can I borrow?
  7. Balloon Payment Calculation
    • Calculate the balloon amount
  8. Balloon Loan Calculation
    • Calculate the periodic payment required to result in a specified balloon
  9. Random Extra Principal Payment
    • How to prepay principal on any date
  10. Loan with Series of Extra Principal Payments
    • How to calculate loan or mortgage with extra payments
  11. Construction Loan Calculator
    • Generally a short term loan with multiple borrows
  12. Monthly Skipped Payments
    • Loan or mortgage with scheduled skipped payments
  13. Odd Length First Period
    • Interest payment options for initial period
  14. Interest Only Loan
    • Initial series of interest only payments
  15. Biweekly Mortgage Payments
    • Pay 1/2 the monthly payment every other week to reduce the total interest paid
  16. US Rule
    • No interest charged on interest — separate tracking of interest balance
  17. How much do I have to save or invest?
    • State your goal - calculate periodic investment amount needed to reach goal
  18. Paying for College
    • You may have longer than you think
    • Multiple investments with multiple, overlapping withdrawals
    • Demonstrates solving for unknown in complex cash flow
  19. Future Value Calculation
    • How to set up simple or complex cash flows to calculate FV
  20. Present Value Calculation
    • How to discount a simple or complex cash flow to find its PV
  21. Calculate PV of Fixed Principal + Interest Loan
    • Calculate PV of the declining payment amount
    • Demonstrates the cash flow analytics of this calculator
  22. Calculate Rate of Return (ROR) on an Annuity
    • How to set up an annualized ROR calculation
  23. Calculate Time It Takes to Reach Investment Goal
    • Set a goal and see how long it takes to reach it
  24. Calculate ROI for X Days
    • Exact day return on investment calculation
  25. Calculate Loan Balance — Loan Payoff Calculation
    • Enter payments for any amount on date made — audit balance due

Calculators the Ultimate Financial Calculator Replaces

With this calculator's flexibility, it will meet the needs of anyone searching for:

  • loan repayment calculator
  • loan payoff calculator
  • mortgage payoff calculator
  • repayment calculator
  • student loan repayment calculator
  • home loan repayment calculator
  • car loan repayment calculator
  • debt payoff calculator
  • early mortgage payoff calculator
  • debt repayment calculator
  • individual or specialty TVM calculators

253 Comments on “Ultimate Financial Calculator”

financial online calculator Join the conversation. Tell me what you think.
  • gerry giovanelli says:

    Do you have a calculator to calculate the Adjusted Cost Base for a financial REIT investment with monthly dividends re invested?
    Thank you for your reply

    • Not with the web version. If you want to save your inputs, and if you are running Windows, then take a look at the C-Value! program. $49.95, one-time purchase price. C-Value! is functionally equivalent to the online Ultimate Financial Calculator.

  • I have pretty much tried pretty much every bi-weekly Loan amortization schedule on the web. Yours is the most accurate by a long shot. Thank you!!!!!!

    • You’re welcome! And thanks for letting me know how the competition is stacking up. 🙂

      If you used this calculator to create the biweekly amortization schedule, you might also be interested in this dedicated biweekly payment calculator. It will create a single schedule incorporating both a monthly and a biweekly loan so that you can easily compare the two scenarios.

  • Hello Karl,

    This is JP I emailed you last week regarding our calculations above that when entering a higher mortgage payment than required, your calculator drops it back down to a minimum required monthly payment. How do we get your calculator to accept our higher monthly payment so we can see the term shorten?

    Am I using the correct calculator?

    JP @ NextGen

    • Hi, I thought I had replied but i can’t find it, so I must not have. Sorry.

      I wouldn’t use the balloon calculator for that calculation since there is no balloon payment. I would use this calculator.

      But if you want to use the balloon calculator, the issue it is having is, you’ve provide loan amount, rate, term and payment amount. You’ve also stated that there is no long period or odd day interest, even though it’s a long period. Since so many things are known, and are not compatible, the calculator is adjusting the payment amount (reducing it) so as to have a 0 balance at the end of the term. If the payment amount didn’t get adjusted then the term would not be what you specified. Something has to give. You could set the term to 0 so the calculator can calculate it with the payment amount you want. If you do that, enter $1,853,639.00 for the regular periodic payment as well as the final balloon payment (the final payment will be adjusted since the calculator calculate term by whole periods. That is, the term can not be 204 1/2 periods.

  • Hello! I have only one question, how can I calculate the initial Loan amount when I start to pay after a certain period? For example I made a Loan the 01/01/2019, with unknown amount, and I begin to pay the 01/01/2021. I have the final amount with each payment amount, the interest rate but I don’t have any other number. Thank you very much!

    • Hi, do the loan payments vary in amount? If not, you need only create two rows. The first row, as you mentioned is for an unknown loan amount with the loan date set to 01/01/2019.

      The 2nd row, enter the payment amount, payment frequency and number of payments. You can set the date for the payment row to 01/01/2021. Then check under "Settings" for long period interest options.

      In your question, you didn’t mention the number of payments. If you don’t know that, then you can’t solve for the loan amount. When it comes to loan calculations, with respect to the four main variables, loan amount, interest rate, number of payments and payment amount, only one can be an unknown at a time. Think about it. If two are unknown, then the results are infinite.

  • Faisal Halloum says:

    This question relate to Leases. Do the calculators available online support Continuously Compounded Daily discounting for Quarterly lease payments. For example, 19 Quarterly payments of $51,300 starting from 25 March 2019 and ending 25 September 2023. Interest rate: 4.42%. I need to discount it back to 1 January 2019 with daily frequency and continuous compounding. I’ve done it on excel and the total PV is either $874,928.41 or $875,028.21 (depending on day count for the period between payment dates).

    • Faisal, this calculator will do the calculation you need. However, the results are slightly different. The PV for the scenario you specified is $873,746.96 using a 360-day year, and $875,034.36 using a 365-day year. If you need to know how to set up the calculation, just ask.

      • Faisal Halloum says:

        Thank you Karl for your swift response, much much appreciated. Indeed it does and I got to the same results you noted above using the tool and manually using excel (including the digits). But I’m unable to match it exactly to how the oracle system does it. It is insignificant difference by all means but it is bugging me. But your tool gave me confidence in my excel workings.

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