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
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.

I've seen several loan calculators that include other fees (taxes, insurance, PMI, HOA, etc...) in the calculation.  I have intentionally left them out because they are subject to change often and mess up the schedule.  If necessary, adjust your payment accordingly.


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