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| Financial Calculators |
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Loan Comparison Calculator |
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Compare the monthly payment amounts and total interest payments when the number of payments, interest rate and/or principal amount of your loan varies. |
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| Loan Comparison Calculator |
Requirements: This calculator requires Netscape Navigator or Internet Explorer 3.01 or higher. You must also enable JavaScript in your browser’s user preferences panel.
Instructions: Enter the number of payments, interest rate and principal in the first row then hit "compute" to see what your monthly payment and total interest will be. Vary the information you enter in the second two rows to see what effect changes in the length of your loan, the interest rate or principal amount will make in your monthly payments and total interest.
When making entries into the entry boxes, only numbers and decimal points are permitted. Typing dollar signs, commas and other non-numeric characters will result in an error message. Completing all entry boxes is required.
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# of
Pmts |
Interest
Rate |
Principal |
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Monthly
Payment |
Total Interest |
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Equal Opportunity Employer |
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Bank of Indiana Member FDIC |
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Equal Housing Lender |
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