Loan Repayment Calculator: Personal Loans, Mortgages, Repayments

Ian C. Langtree Content Writer/Editor for Disabled World
Published: 2017/12/12 - Updated: 2021/08/08
Contents: Summary - Introduction - Main - Related

Synopsis: Calculate monthly mortgage payment, car loan payments and personal loans to get a general idea what your repayments will be over a given period. Calculation chart shows amortization tables with complete mortgage amortization schedules for the principal showing total interest and total amount paid over the term of the loan. You are permitted to use another loan to help toward the down-payment amount required - however, some restrictions may apply when using a loan as a down payment assistance program.

Introduction

Thinking of borrowing money to purchase a home or car and want to know how much it will cost you in total? How much your loan repayments will be? Or want to know the amount of interest you will end up paying on a loan?

Main Digest

Our loan amortizer helps you calculate interest rate, loan or mortgage amounts, number of payments, periodic payment amount and other loan calculations instantly. Simply enter the details of the loan in the calculator below and find out all the figures and more.

You can easily create comparison scenarios to suit your budget. You can also use the loan calculator to find out how much you can afford to borrow from the bank, finance company or your lending institution by trying different principle sums and seeing what your weekly or monthly repayments will be. The calculator can also be useful for people with current active loans wishing to see by how much they would need to increase their re-payments to pay off a loan quicker.

To use the Amortization Calculator simply input:

The calculation shows you amortization tables with complete mortgage amortization schedules for the loan showing total interest and total amount paid over the term of the loan.

NOTE: The results of this loan payment calculator are for comparison purposes only. This calculator is to be considered as a guide to your home, car, or other loan re-payments please consult your lending institution or financial adviser before making any decisions.

Loan Calculator
Loan Amount:
Number of Payments:
Annual Interest Rate: (ex. 8.5% = 8.5)

Example Mortgage Calculation and Repayments

Continued below image.
Example output showing our loan calculator figures and amortization repayment schedule table.
Example output showing our loan calculator figures and amortization repayment schedule table.
Continued...

How Much Down Payment Do I need to Buy a House or Car?

Down payment - or deposit - is a term used for the purchase of items such as a new car or a house. The down payment is the upfront portion of the total price, and it is usually given in cash at the time of finalizing the transaction. A loan is then required to make up the difference of the full car or house price. Here are some facts on loan down payments or deposits:

Questions the Bank May Ask When Applying for a Home Loan

Other Resources You May Find Helpful

Related Publications

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Cite This Page (APA): Langtree, I. C. (2017, December 12 - Last revised: 2021, August 8). Loan Repayment Calculator: Personal Loans, Mortgages, Repayments. Disabled World. Retrieved June 13, 2024 from www.disabled-world.com/calculators-charts/fincalc.php

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