MichaelTague.com

Loan Calc Precise

Loan details

Enter three; calculate the fourth.
Enter four; find the payoff length.

E.g., 30, 6 years, or 2 years, 6 months.

Estimates only. Calculation conventions vary; compare the selected details with the lender’s loan agreement.

Optional

Add Details

Defaults match a standard monthly loan. Change only what applies.

Payment dates

Dates are optional for standard monthly calculations.

Interest timing

i

Loans can begin on any day. A lender may charge a full month, a fraction of a standard 30-day month, or daily interest based on actual elapsed days. Check the loan agreement when matching a bank statement.

Extra principal

Applied after the regular payment. Extra principal shortens the loan; it does not recast the monthly payment.

No extra principal payments added.

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Saved loans

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Loan Calc Precise

Amortization table

# Payment Interest Principal Balance