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Amortizing Loan Calculator

Enter your desired payment - and let us calculate your loan amount. Or, enter in the loan amount and we will calculate your monthly payment. You can then examine your principal balances by payment, total of all payments made, and total interest paid. Press the report button to see a monthly payment schedule.

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Definitions

Monthly payment
Monthly payment for this loan.

Term in months
Number of months for this loan.

Loan amount
Total amount of your loan.

Interest rate
Annual interest rate for this loan. Interest is calculated monthly on the current outstanding balance of your loan at 1/12 of the annual rate.

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We can not and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.



North East Mortgage Group LLC  Two Court Street   Suite B   Plymouth, MA 02360
Office: (508) 746-9640   Toll Free: (800) 930-9640   Fax: (508) 746-0733
We are licensed in the following states:
Massachusetts Mortgage Broker #MB3930
Connecticut First Mortgage Broker #16595 and Second Mortgage Broker #16596
Rhode Island Loan Broker #20051966LB
New Hampshire Banking Department #10758-MBR

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