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Fixed Principal Payment Loan Calculator

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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 (Decimal)
Compounded:
  %
Monthly Principal Payment$
First Payment Due

To view the schedule, all input fields must contain a value.
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The payment will decrease each month until the loan is paid in full.


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