Loan Payment Calculator

Contains Ads

Calculate the loan installment value and the amortization schedule using Constant Amortization payment. In banking and finance, an amortizing loan is a loan where the principal of the loan is paid down over the life of the loan, according to some amortization schedule, typically through equal payments.Each payment to the lender will consist of a portion of interest and a portion of principal. Mortgage loans are typically amortizing loans. The calculations for an amortizing loan are those of an annuity using the time value of money formulas. An amortization schedule calculator is often used to adjust the loan amount until the monthly payments will fit comfortably into budget, and can vary the interest rate to see the difference a better rate might make in the kind of home or car one can afford. An amortization calculator can also reveal the exact dollar amount that goes towards interest and the exact dollar amount that goes towards principal out of each individual payment. The amortization schedule is a table delineating these figures across the duration of the loan in chronological order.
Read more
3.6
37 total
520
45
31
21
110
Loading...

What's New

Added amortisation schedule
Read more

Additional Information

Updated
February 9, 2014
Size
93k
Installs
10,000+
Current Version
4
Requires Android
2.1 and up
Content Rating
Everyone
Permissions
Offered By
Bravaware
©2018 GoogleSite Terms of ServicePrivacyDevelopersArtistsAbout Google
By purchasing this item, you are transacting with Google Payments and agreeing to the Google Payments Terms of Service and Privacy Notice.