SIMPLE LOAN CALCULATOR

Loan Amount
Annual Interest Rate
Loan Period in Years
Start Date of Loan

Enter Values
$ 10,000.00
11.15%
4 Must be between 1 and 30 years.
6/27/2002

Monthly Payment
Number of Payments
Total Interest
Total Cost of Loan

No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31

Payment
Beginning
Date
Balance
7/27/2002 $
10,000.00
8/27/2002
9,833.75
9/27/2002
9,665.95
10/27/2002
9,496.59
11/27/2002
9,325.66
12/27/2002
9,153.13
1/27/2003
8,979.01
2/27/2003
8,803.26
3/27/2003
8,625.89
4/27/2003
8,446.86
5/27/2003
8,266.17
6/27/2003
8,083.80
7/27/2003
7,899.74
8/27/2003
7,713.96
9/27/2003
7,526.46
10/27/2003
7,337.21
11/27/2003
7,146.21
12/27/2003
6,953.43
1/27/2004
6,758.86
2/27/2004
6,562.48
3/27/2004
6,364.27
4/27/2004
6,164.22
5/27/2004
5,962.32
6/27/2004
5,758.53
7/27/2004
5,552.85
8/27/2004
5,345.26
9/27/2004
5,135.74
10/27/2004
4,924.28
11/27/2004
4,710.85
12/27/2004
4,495.43
1/27/2005
4,278.01

$259.20
48
$2,441.78
$12,441.78

Payment
$

259.20
259.20
259.20
259.20
259.20
259.20
259.20
259.20
259.20
259.20
259.20
259.20
259.20
259.20
259.20
259.20
259.20
259.20
259.20
259.20
259.20
259.20
259.20
259.20
259.20
259.20
259.20
259.20
259.20
259.20
259.20

Principal
$

166.25
167.80
169.36
170.93
172.52
174.13
175.74
177.38
179.03
180.69
182.37
184.06
185.78
187.50
189.25
191.00
192.78
194.57
196.38
198.21
200.05
201.91
203.78
205.68
207.59
209.52
211.47
213.43
215.42
217.42
219.44

Interest
$

92.95
91.40
89.84
88.27
86.68
85.08
83.46
81.83
80.18
78.51
76.83
75.14
73.43
71.70
69.96
68.20
66.42
64.63
62.82
61.00
59.16
57.30
55.42
53.53
51.61
49.68
47.74
45.77
43.79
41.79
39.76

Ending
Balance
$
9,833.75
9,665.95
9,496.59
9,325.66
9,153.13
8,979.01
8,803.26
8,625.89
8,446.86
8,266.17
8,083.80
7,899.74
7,713.96
7,526.46
7,337.21
7,146.21
6,953.43
6,758.86
6,562.48
6,364.27
6,164.22
5,962.32
5,758.53
5,552.85
5,345.26
5,135.74
4,924.28
4,710.85
4,495.43
4,278.01
4,058.57

No.
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48

Payment
Date
2/27/2005
3/27/2005
4/27/2005
5/27/2005
6/27/2005
7/27/2005
8/27/2005
9/27/2005
10/27/2005
11/27/2005
12/27/2005
1/27/2006
2/27/2006
3/27/2006
4/27/2006
5/27/2006
6/27/2006

Beginning
Balance
4,058.57
3,837.09
3,613.55
3,387.94
3,160.22
2,930.40
2,698.43
2,464.31
2,228.01
1,989.52
1,748.80
1,505.86
1,260.65
1,013.16
763.38
511.27
256.82

Payment
259.20
259.20
259.20
259.20
259.20
259.20
259.20
259.20
259.20
259.20
259.20
259.20
259.20
259.20
259.20
259.20
259.20

Principal
221.48
223.54
225.62
227.71
229.83
231.97
234.12
236.30
238.49
240.71
242.95
245.21
247.49
249.79
252.11
254.45
256.82

Interest
37.72
35.67
33.59
31.49
29.37
27.24
25.08
22.91
20.71
18.49
16.26
14.00
11.72
9.42
7.10
4.75
2.39

Ending
Balance
3,837.09
3,613.55
3,387.94
3,160.22
2,930.40
2,698.43
2,464.31
2,228.01
1,989.52
1,748.80
1,505.86
1,260.65
1,013.16
763.38
511.27
256.82
(0.00)

No.

Payment
Date

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Balance

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Interest

Ending
Balance

No.

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Principal

Interest

Ending
Balance

No.

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Date

Beginning
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Principal

Interest

Ending
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No.

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Date

Beginning
Balance

Payment

Principal

Interest

Ending
Balance

No.

Payment
Date

Beginning
Balance

Payment

Principal

Interest

Ending
Balance

No.

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Date

Beginning
Balance

Payment

Principal

Interest

Ending
Balance