Financial Calculators – Loan

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Calculators > Loan

Alternative Payment Frequencies

Use this calculator to determine your payment or loan amount for different payment frequencies. You can make payments weekly, biweekly, semimonthly, monthly, bimonthly, quarterly, semiannually or annually. You can then examine your principal balances by payment, total of all payments made, and total interest paid.

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.

Balloon Loan Calculator

A balloon loan can be an excellent option for many borrowers. A balloon loan is usually rather short, with a term of three to five years, but the payment is based on a term of up to 15 years. There is, however, a risk to consider. At the end of your loan term, you will need to pay off your outstanding balance. This usually means you must refinance your loan or convert the balloon loan to a traditional loan at the current interest rates.

Composition of Loan Payments

Any loan payment is a combination of principal and interest. As a loan is amortized by equal regular payments, later payments are comprised of more principal but less interest than earlier payments. The purpose of this calculator is to enable you to make a visual comparison of the interest/principal composition of any two payments. By changing any value in the following form fields, calculated values are immediately provided for displayed output values. Click the view report button to see all of your results.

Construction Loan Calculator

Use this calculator to help determine how much and what your payment would be for a construction loan.

Deferred Payment Loan

Use this calculator to help you determine the impact of a deferred payment on a loan. Select your deferment period, loan amount, interest rate and term to calculate your 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.

Enhanced Loan Calculator

Use this calculator to look at a variety of possible loans. Change your monthly payment, loan amount, interest rate or term. Press the “View Report” button to see a complete amortization schedule, either by month or by year.

Equity Line of Credit Payments

For a 20 year draw period, this calculator helps determine both your interest-only payments and the impact of choosing to make additional principal payments.

Existing Loan Calculator

Use this calculator to analyze one of your existing loans. Calculate your remaining balance based on the number of monthly payments you have remaining. You can then click on the “View Report” button for a complete, payment by payment, amortization schedule of your loan.

Home Equity Line of Credit Calculator

Use this calculator to determine the home equity line of credit amount you may qualify to receive. The line of credit is based on a percentage of the value of your home. The more your home is worth, the larger the line of credit. Of course, the final line of credit you receive will take into account any outstanding mortgages you might have. This includes first mortgages, second mortgages and any other debt you have secured by your home.

Line of Credit Payoff

When will your line of credit be paid off? Use this calculator to see what it will take to payoff your line of credit, and what you can change to meet your repayment goals.

Loan & Credit Line Payment

This calculator helps determine your loan or line payment. For a loan payment, select fixed-term loan. For a credit line payment, you can choose 2%, 1.5% or 1.0% of the outstanding balance or interest only.

Loan & Credit Line Tax Savings

This calculator helps determine your tax savings on loans or credit lines with tax-deductible interest payments. For a loan payment, select fixed term loan. For a line payment, you can choose 2%, 1.5% or 1% of the outstanding balance or interest only.

Loan Comparison Calculator

Determining which loan provides you with the best value involves more than simply comparing monthly payments. Use this calculator to sort through the monthly payments, fees and other costs associated with getting a new loan. By comparing these important variables side by side, this calculator can help you pick the loan that works best for you. Click on the “View Report” button to see the results in detail.

Loan Prequalification Calculator

Use this calculator as your first step in determining your ability to qualify for a loan. While this calculator can’t guarantee you will qualify for your new loan, it is a good check point to see if it is within your means.