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Loan Calculators

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Calculators > Loan and mortgage calculator

Loan and Mortgage Calculator

Click the link above to open the calculator in a new window.

See how much interest you can save by paying down your debt more quickly! Input up to 3 different payment options for your loan/mortgage, to see a side-by-side comparison. See how much sooner your debt will be repaid if you increase your regular payment.

payment frequencies:

	weekly
	bi-weekly
	semi-monthly
	monthly
	semi-annually
	annually

accepts amortization periods of up to 40 years, in months or years

allows various compounding frequencies:

	annually
	semi-annually
	monthly
	daily

shows the effective interest rate

shows interest savings when regular payments are increased

allows input of an extra payment annually

shows how much sooner the debt will be repaid with increased payments

shows the outstanding loan balance at any point in the future based on input by the user

See our glossary article which explains nominal and effective interest rates, and compound interest.

Tax Tip: Pay yourself first.

Check out our other calculators.

Revised: October 12, 2021

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