Loan Calculator - Definitions

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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.


TermDefinition
Monthly payment Monthly payment for this loan.
Interest rateA periodic charge, expressed as a percentage, for the use of borrowed money. Interest rates are expressed in terms of an annual rate. Interest rates may vary and are subject to approval by the lender. Please enter the estimated current market rate.
APR(May not be shown) The APR (annual percentage rate) is the yearly rate of interest and other fees paid to acquire the loan. The APR calculation incorporates fees and interest into a single rate. Lenders are required by law to disclose the APR. This rate is used to compare various loans. This calculator assumes no additional fees or charges other than interest.
Term Number of months for this loan.
Loan amount Total amount of your loan.


These calculators are made available to you as self-help tools for your independent use. We do not guarantee their accuracy or applicability to your circumstances. These tools are not intended to provide investments, legal, tax, or accounting advice. All examples are hypothetical and for illustrative purpose only. You may wish to consult your financial institution or financial advisor for additional information and advice. All loans would be subject to approval and credit terms may vary.