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Any loan payment is a combination of principal and interest. As a loan is amortized by equal regular payments, later payments are comprised of more principal but less interest than earlier payments. The purpose of this calculator is to enable you to make a visual comparison of the interest/principal composition of any two payments.
By changing any value in the following form fields, calculated values are immediately provided for displayed output values. Click the view report button to see all of your results.
Click this menu to access additional calculator functions including:
Reset to Defaults: Click the "Reset to Defaults" button to reload the default values for this calculator.
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Loan inputs:
Calculate:
Loan amount
Total amount of the loan.
$0
$100k
$1m
$10m
Payment
Payment for this loan.
$0
$1k
$10k
$100k
Interest rate
Annual interest rate for this loan. Interest is calculated each period on the current outstanding balance of the loan. The periodic rate is the annual rate divided by the number of periods per year.
0%
17%
33%
50%
Number of payments
Number of payments for this loan.
1
161
320
480
Payment frequency
Choose how often payments will be made. The options are weekly (52 payments per year), bi-weekly (26 payments per year), semi-monthly (24 payments per year), monthly (12 payments per year), bi-monthly (6 payments per year), quarterly (4 payments per year), semi-annual (2 payments per year), and annually (1 payment per year).
Payment composition:
1
161
320
480
Composition:
1
161
320
480
Composition:
**FIG_GRAPHTITLE** Stacked Column Graph: Please use the calculator's report to see detailed calculation results in tabular form.
Composition of Loan Payments Definitions
Loan amount
Total amount of the loan.
Payment
Payment for this loan.
Interest rate
Annual interest rate for this loan. Interest is calculated each period on the current outstanding balance of the loan. The periodic rate is the annual rate divided by the number of periods per year.
Number of payments
Number of payments for this loan.
Payment frequency
Choose how often payments will be made. The options are weekly (52 payments per year), bi-weekly (26 payments per year), semi-monthly (24 payments per year), monthly (12 payments per year), bi-monthly (6 payments per year), quarterly (4 payments per year), semi-annual (2 payments per year), and annually (1 payment per year).
