This loan calculation provides output on the following three scenarios:
Table loan — One payment a month including principal and interest
Straight line loan — Two payments a month, one for principal and one for interest
Interest-only loan — One payment a month to cover the interest cost of the loan
Table Loan Simulation
This loan calculation is based on a fixed repayment amount for the term of the loan and includes both principal and interest.
Loan Amount :
Monthly Payment :
No. of years :
Straight Line Loan Simulation
This loan calculation is based on separate monthly repayment amounts, one for interest and one for principal. The principal amount remains constant with the interest component reducing over time.
Loan Amount :
Monthly Principal Payment :
First Monthly Interest Payment :
Total First Monthly Payment :
No. of years :
Interest Only Loan Simulation
This loan calculation is based on a monthly repayment amount solely covering the interest cost of the loan.
Loan Amount :
Monthly Principal Payment :
Monthly Interest Payment :
Total Monthly Payment :
No. of years :
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