Amortizing Loan Calculator

Enter your desired payment - and let us calculate your loan amount. Or, enter in the loan amount and we will calculate your monthly payment. You can then examine your principal balances by payment, total of all payments made, and total interest paid. Press the report button to see a monthly payment schedule.

This Financial Calculator requires a Browser with Java(TM) applet Support. If you are seeing this message you will need to download SUN's Java(TM) Plug-in. This can be done simply, and automatically, by clicking the link below:

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Definitions

Monthly Payment:  Monthly payment for this loan.

Term In Months:  Number of months for this loan.

Loan Amount:  Total amount of your loan.

Interest Rate:  Annual interest rate for this loan. Interest is calculated monthly on the current outstanding balance of your loan at 1/12 of the annual rate.

 

Important Information:

WesternBank interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. WesternBank does not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. WesternBank encourages you to seek personalized advice from your own qualified professionals regarding all personal finance issues.