Loan Payment Calculation
Warning: The results are approximations, actual number may vary.
How To:
Enter the number for principle, interest, and loan period to calculate the monthly payment.
Then use "Amount You Want To Pay:" to see how much interest you can save by adding
a few extra dollors to your monthly payments.
Loan Amount(Principle):  
Interest Rate (%):  
Loan Period # of Year(s): Amount You Want To Pay:
   
Results:
Monthly Payment: Payment Length: Year(s) - Month(s)
Total Payment: Total Payment:
Total Interest: Total Interest:
You Could Save: in interest payment.
Remember home loan interests are tax deductible.
It is better to pay off other type of loan such as car loan.
Consult a CPA for more information.
To see the formula used for the calculations - Click Here.
If you want to see fully amortized table - Click Here.
(Per payment break down of Principle and Interest)