|This is a calculator you may never need.|
I created it because I wanted to see what would happen if you got a loan with a fixed principal payment instead of the normal loan that has a fixed (principal + interest) payment.
Other uses for this calculator:
- INTEREST ONLY CALCULATOR
Simply enter 0 for the Monthly Payment (Principal Only), fill in ALL of the other fields and press View Amortization Schedule.
- PRINCIPAL ONLY CALCULATOR
Simply enter 0 for the Interest Rate, fill in 2 of the other fields and press the button next to the field for which you'd like to calculate. Select the date the first payment is due and press View Amortization Schedule.
I welcome your links to MyCalculators.comTo link to THIS page, please copy the following HTML and paste it into your page.
<a href="https://www.mycalculators.com/ca/ploanm.html" target="_top">Principal (fixed) Payment Loan Calculator |- MyCalculators.com</a>It will appear on your page as: Principal (fixed) Payment Loan Calculator |- MyCalculators.com