Loan Payment Calculator

Loan Payment Calculator


Calculate the loan installment value and the amortization schedule using Constant Amortization payment. In banking and finance, an amortizing loan is a loan where the principal of the loan is paid down over the life of the loan, according to some amortization schedule, typically through equal payments.Each payment to the lender will consist of a portion of interest and a portion of principal. Mortgage loans are typically amortizing loans. The calculations for an amortizing loan are those of an annuity using the time value of money formulas. An amortization schedule calculator is often used to adjust the loan amount until the monthly payments will fit comfortably into budget, and can vary the interest rate to see the difference a better rate might make in the kind of home or car one can afford. An amortization calculator can also reveal the exact dollar amount that goes towards interest and the exact dollar amount that goes towards principal out of each individual payment. The amortization schedule is a table delineating these figures across the duration of the loan in chronological order.

Recent changes:
Added amortisation schedule
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Free
69
3.5
User ratings
26
Installs
10,000+
Concerns
0
File size
92 kb
Screenshots
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About Loan Payment Calculator
Calculate the loan installment value and the amortization schedule using Constant Amortization payment. In banking and finance, an amortizing loan is a loan where the principal of the loan is paid down over the life of the loan, according to some amortization schedule, typically through equal payments.Each payment to the lender will consist of a portion of interest and a portion of principal. Mortgage loans are typically amortizing loans. The calculations for an amortizing loan are those of an annuity using the time value of money formulas. An amortization schedule calculator is often used to adjust the loan amount until the monthly payments will fit comfortably into budget, and can vary the interest rate to see the difference a better rate might make in the kind of home or car one can afford. An amortization calculator can also reveal the exact dollar amount that goes towards interest and the exact dollar amount that goes towards principal out of each individual payment. The amortization schedule is a table delineating these figures across the duration of the loan in chronological order.

Recent changes:
Added amortisation schedule
User reviews of Loan Payment Calculator
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Android Market Comments
A Google User
Aug 2, 2014
Quick ads! Ads pop up too fast and makes you click on them. This is just an app they have to make money.
A Google User
Aug 12, 2012
It does not include down payment!!!
A Google User
Aug 12, 2012
It does not include down payment!!!
Alex
Aug 12, 2012
It does not include down payment!!!