Fixed-Rate Loan (written in Javascript)
The below online calculator will generate a table showing the division of each repayment by principal and interest, along with the outstanding loan balance after each payment has been made. The calculation is based on a fixed-rate loan.
Amortization Schedule
Payment Number | Payment Amount | Interest Amount | Principal Reduction | Balance Due |
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Interest calculated at 1/12th of annual interest rate on the remaining principal amount. (Rounding errors possible)