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Amortizing Loan Calculator

Enter your desired payment and number of payments, select the Weekly, Bi-weekly or Monthly in the "Payments are made" field - and let us calculate your loan amount. Or, enter in the loan amount and we will calculate your payment. You can then examine your principal balances by payment, total of all payments made, and total interest paid. Press the "View Report" button to see a payment schedule.




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Definitions

Payment
Payment for the frequency of this loan.

Loan amount
Total amount of your loan.

Payments are made
Select "Monthly", "Weekly" or "Bi-weekly" for the payment frequency for this loan.

Number of payments
Total number of payments for this loan.

Interest rate
Annual interest rate for this loan. Interest for this loan is calculated each period on your current outstanding balance. The interest rate per period is calculated by dividing the annual interest rate by the number of payments made each year.

The calculators contained on this site is provided for illustrative purposes only and is only intended to assist you in understanding how certain investment strategies may impact your investments over a specific period of time. Dynamic Funds does not warrant or make any representations regarding the use or the results of the Calculator in terms of its correctness, accuracy, timeliness, reliability, or otherwise. Information herein is subject to change without notice and Dynamic Funds is not responsible to update this information, nor does it accept any responsibility for any loss or damage that results from the use of the results of the Calculator. Projections made using the Calculator are not intended to be a substitute for professional advice and, because each person's situation differs, we recommend that you consult a professional investment advisor to ensure you are using the information on this site to your best advantage