Loan Calculator First New Mexico Bank, Las CrucesLoan Calculator Loan Amount?: Number of Months?: Annual Interest Rate?: Payment Method?: End-of-Period Start-of-Period Monthly Payment: Total Interest: Total P & I: Calc Clear Print Help Schedule Charts ©2023 financial-calculators.com $ : mm/dd/yyyy Original Size Loan Calculator Help... Using the calculator is straight forward. User enters a "loan amount", "number of months", "annual interest rate". The calculator calculates the number of monthly payments. The "Payment Method" determines when the first payment is due. With the default selection, "End-of-Period", the first payment will be due one month after the loan is made. If "Start-of-Period" is selected, then the first payment will be due on the loan date. The term (duration) of the loan is expressed as a number of months. 60 months = 5 years 120 months = 10 years 180 months = 15 years 240 months = 20 years 360 months = 30 years Need more options including the ability to solve for other unknowns, change payment / compounding frequency and the ability to print an amortization schedule? Please visit, https://financial-calculators.com/loan-calculator Currency and Date Conventions × Albania (Lek) Lek12,345,678.99 Algeria (Algerian Dinar) DZD12,345,678.99 Argentina (Argentine Peso) $12.345.678,99 Armenia (Armenian Dram) AMD12,345,678.99 Australia (Australian Dollar) $12,345,678.99 Austria (Euro) €12.345.678,99 Azerbaijan (Manat) ₼12,345,678.99 Bahrain (Bahraini Dinar) BHD12,345,678.994 Belarus (Ruble) Br12,345,678.99 Belgium (Euro) 12 345 678,99€ Belgium (Euro) €12.345.678,99 Belize (Belize Dollar) BZ$12,345,678.99 Bolivia (Boliviano) $b12.345.678,99 Bosnia/Herzegovina (Mark) 12.345.678,99KM Brazil (Brazilian Real) R$12.345.678,99 Brunei (Brunei Dollar) $12,345,678.99 Bulgaria (Bulgarian Lev) 12345678,99лв Canada (Canadian Dollar) $12,345,678.99 Canada (Canadian Dollar) 12 345 678,99$ Chile (Chilean Peso) $12.345.679 China (Yuan Renminbi) ¥12,345,678.99 Colombia (Colombian Peso) $12.345.678,99 Costa Rica (Colon) ₡12 345 678,99 Croatia (Kuna) 12.345.678,99kn Czechia (Czech Koruna) 12 345 678,99Kč Denmark (Danish Krone) 12.345.678,99kr Dominican Republic (DR Peso) RD$1,234.99 Ecuador (US Dollar) $12.345.678,99 Egypt (Egyptian Pound) £12,345,678.99 El Salvador (El Salvador Colon) $12,345,678.99 Estonia (Euro) 12 345 678,99€ Faroe Islands (Danish Krone) kr12,345,678.99 Finland (Euro) 12 345 678,99€ France (Euro) 12 345 678,99€ Georgia (Lari) GEL12,345,678.99 Germany (Euro) 12.345.678,99€ Greece (Euro) 12.345.678,99€ Guatemala (Quetzal) Q12,345,678.99 Honduras (Lempira) L12,345,678.99 Hong Kong (HK Dollar) HK$12,345,678.99 Hungary (Forint) 12 345 678,99Ft Iceland (Iceland Krona) kr12,345,679 India (Indian Rupee) ₹1,23,45,678.99 Indonesia (Rupiah) Rp12.345.678,99 Iran (Iranian Rial) ﷼12,345,678.99 Iraq (Iraqi Dinar) IQD12,345,678.994 Ireland (Euro) €12,345,678.99 Israel (Sheqel) ₪12,345,678.99 Italy (Euro) 12.345.678,99€ Jamaica (Jamaican Dollar) J$12,345,678.99 Japan (Yen) ¥12,345,679 Jordan (Jordanian Dinar) JOD12,345,678.994 Kazakhstan (Tenge) лв12,345,678.99 Kenya (Kenyan Shilling) KES12,345,678.99 Korea (South) (Won) ₩12,345,679 Kuwait (Kuwaiti Dinar) KWD12,345,678.994 Kyrgyzstan (Som) лв12,345,678.99 Latvia (Euro) 12 345 678,99€ Lebanon (Lebanese Pound) £12,345,678.99 Libya (Libyan Dinar) LYD12,345,678.994 Liechtenstein (Swiss Franc) CHF12’345’678.99 Lithuania (Euro) 12 345 678,99€ Luxembourg (Euro) 12.345.678,99€ Luxembourg (Euro) 12.345.678,99€ Macao (Pataca) MOP12,345,678.99 Malaysia (Ringgit) RM12,345,678.99 Maldives (Rufiyaa) MVR12,345,678.99 Malta (Euro) €12,345,678.99 Mexico (Mexican Peso) $12,345,678.99 Monaco (Euro) 12 345 678,99€ Mongolia (Tugrik) ₮12,345,678.99 Morocco (Dirham) MAD12,345,678.99 Netherlands (Euro) €12.345.678,99 New Zealand (NZ Dollar) $12,345,678.99 Nicaragua (Cordoba Oro) C$12,345,678.99 Nigeria (Naira) ₦12,345,678.99 Norway (Norwegian Krone) kr12 345 678,99 Norway (Norwegian Krone) kr12,345,678.99 Oman (Rial Omani) ﷼12,345,678.994 Pakistan (Pakistan Rupee) ₨12,345,678.99 Panama (Balboa) B/.12,345,678.99 Paraguay (Guarani) Gs12.345.679 Peru (Sol) S/.12,345,678.99 Philippines (Philippine Peso) ₱12,345,678.99 Poland (Zloty) 12 345 678,99zł Portugal (Euro) 12 345 678,99€ Qatar (Qatari Rial) ﷼12,345,678.99 Romania (Romanian Leu) 12.345.678,99lei Russian Federation (Ruble) 12 345 678,99₽ Saudi Arabia (Saudi Riyal) ﷼12,345,678.99 Singapore (Singapore Dollar) $12,345,678.99 Slovakia (Euro) 12 345 678,99€ Slovenia (Euro) 12.345.678,99€ South Africa (Rand) R12,345,678.99 South Africa (Rand) R12 345 678,99 Spain (Euro) 12.345.678,99€ Sweden (Swedish Krona) 12 345 678,99kr Switzerland (Swiss Franc) CHF12’345’678.99 Switzerland (Swiss Franc) 12 345 678.99CHF Switzerland (Swiss Franc) CHF12’345’678.99 Syrian Arab Republic (SYP) SYP 12,345,679 Taiwan (Taiwan Dollar) NT$12,345,678.99 Thailand (Baht) ฿12,345,678.99 Trinidad & Tobago (T/T Dollar) TT$1,234.99 Tunisia (Tunisian Dinar) TND12,345,678.994 Turkey (Turkish Lira) ₺12.345.678,99 Ukraine (Hryvnia) 12 345 678,99₴ United Arab Emirates (UAE Dirham) AED12,345,678.99 United Kingdom (GBP) £12,345,678.99 United States (US Dollar) $12,345,678.99 Uruguay (Peso Uruguayo) $U12.345.678,99 Uzbekistan (Uzbekistan Sum) лв12,345,678.99 Venezuela (Bolívar Soberano) VES12.345.678,99 Viet Nam (Dong) 12.345.679₫ Yemen (Yemeni Rial) ﷼12,345,678.99 Zimbabwe (ZWL) ZWL12,345,678.99 MM/DD/YYYY DD/MM/YYYY DD-MM-YYYY DD.MM.YYYY YYYY-MM-DD YYYY.MM.DD YYYY/MM/DD All calculators will remember your choice. You may also change it at any time. Clicking "Save changes" will cause the calculator to reload. Your edits will be lost. Cancel Save changes "How much will my loan cost me?" "If I borrow this much money, what will my monthly payment be?" This calculator solves the monthly payment amount and it creates an amortization schedule and charts. Knowing all of this ahead of time will help you determine how much you can afford to borrow and help you make the best financial decisions to suit your needs. Using This Calculator "Loan Amount": Enter the amount of money you would like to borrow. "Number of Months?": How long you want to take to repay the loan. Some common values are: 48 = 4 years 60 = 5 years 72 = 6 years. "Annual Interest Rate?": Enter what you estimate your APR will be for the loan. This value will vary based on current rates and your credit worthiness, etc. So adjusting this number will allow you to see the effect of different rates on your payments and total costs. "Payment Method?": When you want to make your monthly payments . Making payments at the beginning of each statement period can reduce the amount of interest you pay over the life of the loan. Adjusting this setting will allow you to see how much of a difference it can make. Press the "Calc" button and the remaining fields will be calculated. Press the "Schedule" button to see a date-based schedule of payments with information about how much of each payment gets applied to principal and interest among other information. Press the "Charts" button to see informational charts based on the current calculations. *The information provided by these calculators is for illustrative purposes only. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results. The calculated results are intended for illustrative purposes only and accuracy is not guaranteed.