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Loan Comparison Calculator

To calculate the payment amount and the total interest of any fixed term loan, simply fill in the 3 left-hand cells of the first row and then click on "compute." Use the other three rows to see what effects are produced by changing any one of the loan's original variables.

# of
Payments

Interest
Rate

Principal Monthly
payment

Total
Interest

Calculate/Reset
 

 

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Copyright © 2000 McDavid & Company
Last modified: Monday, September 04, 2000