1. Customer Name: (optional)
2. How much are you looking to borrow?
3. What is the loan's annual interest rate? (Decimal values only. Ex: 7.5% = .075)
4. What is the term of the loan in months?
5. Compounding Interval:
6. Loan Start Date: January February March April May June July August September October November December 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
7. Your monthly payment will be....
Fraction key: 1/2 = 0.5 1/4 = 0.25 1/8 = 0.125 2/3 = 0.6 3/8 = 0.375 5/8 = 0.625 7/8 = 0.875
Month key: 15 yr = 180 mo 20 yr = 240 mo 30 yr = 360 mo