This calculator will compute a loan's monthly payment amount based on the principal amount borrowed, the length of the loan and the annual interest rate.

Each time you change one of the loan's variables you will need to click the COMPUTE PAYMENT button.

Other than decimal points, do not enter any other non-numeric characters (commas, dollar signs, etc.) in the entry boxes.

1. Customer Name:

After you have calculated your monthly payment click the button below to create your amortization schedule. If you wish to print the schedule right click on the screen and select print or press Ctrl-P