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Loan Calculator w/Extra Payments
Enter interest rate and two more fields,
then press the button under the field you wish to calculate.
Principal
Amount		 # of
Months		 Interest
Rate
(Decimal)
Canadian
 Monthly
Payment
(Principal & Interest)
$ % $
 
You'll pay a total of $ over the life of this loan.

Copyright© 1997- MyCalculators.com

Do the above calculation first - as if you're NOT making extra payments.
Now do the following...

First Payment Due in , of the year
I would like to make extra payments of  $
beginning  
View Amortization Schedule with Date and Annual Interest Paid
View schedule with year-end annual totals only!


You must solve for one of the values in the calculator before you run the amortization schedule.

  • Canadian Mortgages
    If you have a Canadian mortgage, check the "Canadian" box under the Interest Rate field.  Canadian mortgages compound interest twice annually instead of monthly.
    Note:
  1. Due to rounding, the calculations may differ by a few cents from those of your lending institution. This calculator is intended to be used only as a guide.
  2. The interest rate is compounded monthly - as is the case for most U.S. loans.  If Canadian is checked, interest is compounded twice annually.






Disclaimer
Copyright© 1997- MyCalculators.com