Personal Loan Calculator of Monthly Payment Amount with Chart
This is a free, independent, non-affiliated website where analysis of calculations of personal loans
and mortgages can be made in detail.
To calculate Monthly Payment Amount, interest and total amount paid, below - enter a Starting Balance or Amount Borrowed, Term Length and Interest Rate, then click on Calculate. The monthly payment details table will then be displayed along with the term balances in a second table and underneath this table will be a chart.
A green cell indicates the loan is paid off within the term and at the interest rate provided. The terms can still be altered when showing green.
A red cell indicates that the loan term or monthly payment (or both) need increasing, to pay the balance off at the given interest rate.
The maximum number of Term Years is 40.