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.

Fixed Principal Payment Loan Calculator

Enter interest rate and two more fields,
then press the button next to the field to calculate.
Loan Amount$
# of Months 
Interest Rate
Compounded:
  %
Monthly Principal Payment$

First Payment Due

To view the schedule, all input fields must contain a value.


1995- MyCalculators.com

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.



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1995- MyCalculators.com