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Suite 1900
Southfield MI 48075
(248) 356-4840 - Office
(248) 356-5464 - Fax

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9005 Overlook Boulevard
Brentwood, TN 37027
(615) 346-9125 - Office
(615) 346-9344 - Fax
   
LOAN AMORITIZATION CALCULATOR

This calculator will compute a loan's monthly payment amount based on the principal amount borrowed, the length of the loan and the annual interest rate. Then, once you have computed the monthly payment, click on the "Create Amortization Schedule" button to create a report you can print out.

Note: Other than decimal points, do not enter any other non-numeric characters (commas, dollar signs, etc.) in the entry boxes. Doing so will cause a JavaScript error.

  1. Customer Name:
  2. What is the original loan balance?
  3. What is the loan's annual interest rate?
  4. What is the term of the loan in months?
  5. Compounding Interval:
  6. Loan Start Date:      

   

  7. This is the amount of your monthly payment.


Longer term loans (360 months) may take a few minutes for the report to be generated, especially with a Netscape Browser.
Remember to press Ctrl-P to print the report, 
or right click and click print.

Note: These calculators were tested using JavaScript enabled Netscape Navigator 3.01 (or higher) and Internet Explorer 3.01 (or higher). If the calculators fail to work for you, check to make sure your browser has JavaScript turned on. If it still doesn't work, we suggest you visit either the Netscape site or the Microsoft site and download a copy of their latest version

Please remember that these calculators use approximations for hypothetical and illustrative purposes only, and are not meant to replace professional investment advice.


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