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Loan Term Calculator

Loan Term Calculator

This loan term calculator will calculate how many payments it will take to pay off a loan. Make sure the payment amount is larger than the minimum monthly interest amount.

Loan amount: $
Down payment amount: $
Payment amount: $
Interest rate: %

Number of payments: 221

Financial Details:

Interest compounding: Monthly
Interest rate: 6.900%
Loan amount: $100,000.00
Payment amount: $800.00
Total payments: $176,994.78
Total finance charge: $76,994.78

Payment schedule:

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The information provided by these calculators is for illustrative purposes only. The information entered may vary from your actual loan, mortgage, investment, or savings results. Interest rates are hypothetical and are not meant to represent any specific investment. Rates of return will vary over time, particularly for long-term investments. The calculated results are not guaranteed to be accurate and are in no way endorsed, offered or guaranteed by PennyWatchers.org.

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