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12/16/24, 10:19 AM Loan Calculator FINANCIAL FITNESS & HEALTH MATH OTHER home / financial / loan calculator Loan Calculator Amortized Loan: Paying Back a Fixed Amount Periodically + Use this calculator for basic calculations of common loan types such as mortgages, auto loans, student loans, or personal loans, or click the links for more detail on each. Loan Amount 13,390 Loan Term 15 months Interest Rate 6 Compound Annually (APY) Pay Back Every Month Calculate Payment Every Month $111.85 Total o

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12/16/24, 10:19 AM

Loan Calculator

FINANCIAL

FITNESS & HEALTH

MATH

OTHER

home / financial / loan calculator

Loan Calculator
Amortized Loan: Paying Back a Fixed Amount Periodically

+

Use this calculator for basic calculations of common loan types such as mortgages, auto
loans, student loans, or personal loans, or click the links for more detail on each.
Loan Amount

13,390

Loan Term

15

months

Interest Rate 6
Compound

Annually (APY)

Pay Back

Every Month

Calculate

Payment Every Month
$111.85
Total of 180 Payments $20,132.26
Total Interest
$6,742.26

Clear

10

Amount Due at Loan Maturity $179,084.77
Total Interest
$79,084.77

months

Interest Rate 6
Annually (APY)

Calculate

6,590

THE 2024 NISSAN
TITAN®
ESTIMATE YOUR
PAYMENT

FIND YOURS

*MORE OFFER INFORMATION

Financial Calculators

Results:

years 0

PACKAGE
SAVINGS[3]

Search

100,000

Compound

$

67%
67%

Deferred Payment Loan: Paying Back a Lump Sum Due at
Maturity
Loan Term

PACKAGE
SAVINGS[2]

Principal
Interest

33%
33%

View Amortization Table

Loan Amount

UP
TO

CUSTOMER
CASH[1]

$

TOTAL SAVINGS*

Results:

years 0

3,000
2,590
$
1,000

$

44%
44%

56%
56%

Principal
Interest

Mortgage

Loan

Auto Loan

Interest

Payment

Retirement

Amortization

Investment

Currency

Inflation

Finance

Mortgage Payoff

Income Tax

Compound Interest

Salary

401K

Interest Rate

Sales Tax

More Financial
Calculators

Financial | Fitness and Health | Math | Other

Clear
View Schedule Table

Bond: Paying Back a Predetermined Amount Due at Loan
Maturity
Use this calculator to compute the initial value of a bond/loan based on a predetermined
face value to be paid back at bond/loan maturity.
Predetermined
Due Amount

100,000

Loan Term

10

Interest Rate

6

Compound

Annually (APY)

Calculate

Results:

years 0

months

Clear

Amount Received When the
Loan Starts
Total Interest
44%
44%

56%
56%

$55,839.48
$44,160.52

Principal
Interest

View Schedule Table

Amortized Loan: Fixed Amount Paid Periodically
Many consumer loans fall into this category of loans that have regular payments that are
amortized uniformly over their lifetime. Routine payments are made on principal and
interest until the loan reaches maturity (is entirely paid off). Some of the most familiar
amortized loans include mortgages, car loans, student loans, and personal loans. The
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12/16/24, 10:19 AM

Loan Calculator

word "loan" will probably refer to this type in everyday conversation, not the type in the
second or third calculation. Below are links to calculators related to loans that fall under
this category, which can provide more information or allow specific calculations involving
each type of loan. Instead of using this Loan Calculator, it may be more useful to use any
of the following for each specific need:
Mortgage Calculator

Auto Loan Calculator

Student Loan Calculator

FHA Loan Calculator

VA Mortgage Calculator

Investment Calculator

Business Loan Calculator

Personal Loan Calculator

Deferred Payment Loan: Single Lump Sum Due at Loan
Maturity
Many commercial loans or short-term loans are in this category. Unlike the first calculation,
which is amortized with payments spread uniformly over their lifetimes, these loans have a
single, large lump sum due at maturity. Some loans, such as balloon loans, can also have
smaller routine payments during their lifetimes, but this calculation only works for loans
with a single payment of all principal and interest due at maturity.

Bond: Predetermined Lump Sum Paid at Loan Maturity
This kind of loan is rarely made except in the form of bonds. Technically, bonds operate
differently from more conventional loans in that borrowers make a predetermined payment
at maturity. The face, or par value of a bond, is the amount paid by the issuer (borrower)
when the bond matures, assuming the borrower doesn't default. Face value denotes the
amount received at maturity.
Two common bond types are coupon and zero-coupon bonds. With coupon bonds,
lenders base coupon interest payments on a percentage of the face value. Coupon
interest payments occur at predetermined intervals, usually annually or semi-annually.
Zero-coupon bonds do not pay interest directly. Instead, borrowers sell bonds at a deep
discount to their face value, then pay the face value when the bond matures. Users should
note that the calculator above runs calculations for zero-coupon bonds.
After a borrower issues a bond, its value will fluctuate based on interest rates, market
forces, and many other factors. While this does not change the bond's value at maturity, a
bond's market price can still vary during its lifetime.

Loan Basics for Borrowers
Interest Rate
Nearly all loan structures include interest, which is the profit that banks or lenders make
on loans. Interest rate is the percentage of a loan paid by borrowers to lenders. For most
loans, interest is paid in addition to principal repayment. Loan interest is usually expressed
in APR, or annual percentage rate, which includes both interest and fees. The rate usually
published by banks for saving accounts, money market accounts, and CDs is the annual
percentage yield, or APY. It is important to understand the difference between APR and
APY. Borrowers seeking loans can calculate the actual interest paid to lenders based on
their advertised rates by using the Interest Calculator. For more information about or to do
calculations involving APR, please visit the APR Calculator.

Compounding Frequency
Compound interest is interest that is earned not only on the initial principal but also on
accumulated interest from previous periods. Generally, the more frequently compounding
occurs, the higher the total amount due on the loan. In most loans, compounding occurs
monthly. Use the Compound Interest Calculator to learn more about or do calculations
involving compound interest.

Loan Term
A loan term is the duration of the loan, given that required minimum payments are made
each month. The term of the loan can affect the structure of the loan in many ways.
Generally, the longer the term, the more interest will be accrued over time, raising the total
cost of the loan for borrowers, but reducing the periodic payments.

Consumer Loans
There are two basic kinds of consumer loans: secured or unsecured.
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