Loan Calculator

A loan is a contract between a borrower and a lender in which the borrower receives an amount of money (principal) that they are obligated to pay back in the future. Most loans can be categorized into one of three categories:

  1. Amortized Loan: Fixed payments paid periodically until loan maturity.
  2. Deferred Payment Loan: Single lump sum paid at loan maturity.
  3. Bond: Predetermined lump sum paid at loan maturity (the face or par value of a bond).

Amortized Loan: Paying Back a Fixed Amount Periodically

Use this calculator for basic calculations of common loan types such as mortgages, auto loans, student loans, or personal loans.

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Deferred Payment Loan: Paying Back a Lump Sum Due at Maturity

Use this calculator to compute the initial cost of a loan based on a predetermined face value to be paid back at loan maturity.

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Bond: Predetermined Lump Sum with Periodic Coupon Payments

Use this calculator to compute the total cost of a bond based on its face value, term, and coupon rate, with periodic interest payments.

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