Amortizing Loan Calculator

Enter your desired payment - and let us calculate your loan amount. Or, enter in the loan amount and we will calculate your monthly payment. You can then examine your principal balances by payment, total of all payments made, and total interest paid. Press the report button to see a monthly payment schedule.

This Financial Calculator requires SUN's Java™ Plug-in. If you see this message you will need to download SUN's Java™ Plug-in. This can be done automatically by clicking the yellow bar at the top of your browser and choosing “Install ActiveX Control”.

Get the Java™ Plug-in!

For more information about this Plug-in please visit: SUN's Java™ Plug-in
For more information about these financial calculators please visit: Financial Calculators from KJE Computer Solutions, LLC

Definitions

Monthly payment
Monthly payment for this loan.

Term in months
Number of months for this loan.

Loan amount
Total amount of your loan.

Interest rate
Annual interest rate for this loan. Interest is calculated monthly on the current outstanding balance of your loan at 1/12 of the annual rate.

Michigan Columbus Federal Credit Union
30419 Six Mile Rd.
Livonia, Michigan 48152
734.425.5080
Fax: 734.-425.1181
info@mcfcu.net