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. Then, once you have computed the monthly payment, click on the "Create Amortization Schedule" button to create a report you can print out. Note that each time you change one of the loan's variables you will need to recalculate the monthly payment before creating the Amortization Schedule. Also note that you may need to press CTRL-P to print the report once it appears in the pop-up window.


Note: When entering numbers into the data fields only use numbers and applicable decimal points. Entering commas, dollar signs, or any other non-numeric characters will cause an error. Also please note that this calculator has been tested to work with Internet Explorer 3.01 and Netscape Navigator 3.01 web browsers. However, both must have the JavaScript option turned on.