Paying Off Your Loan

Borrowing money. Nothing defines the modern consumer quite like this activity. Houses, cars, education - you name it, you can borrow money to pay for it! That's why Political Calculations^(TM) has developed the Simple Loan Estimator, which you may use to estimate how much your payments will be, how much you'll pay over the natural life of your loan (both interest and total) and even how much you would owe if you were to pay off your loan on some arbitrary date during its lifespan. Enter the indicated data in the table below, and click "Calculate" to get your estimated payment data:

Basic Loan Information
Input Data	Values
Amount Borrowed ($USD)
Annual Interest Rate (%)
Term of Loan (Years)
Frequency of Payments	Annual Semi-Annual Quarterly Monthly Bimonthly Biweekly Weekly
Payment Date Information
Date	Month Day, Year
First Payment Due	JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 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 , 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Arbitrary Payoff Date	JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 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 , 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048 2049 2050

Estimated Loan Payment Data
Calculated Results	Values ($USD)
Payment Amount (Principal + Interest)
Estimated Totals for Life of Loan
Calculated Results	Values ($USD)
Total of Payments
Total Interest Paid
Estimated Balance Due Data
Calculated Results	Values ($USD)
Balance Due on Arbitrary Payoff Date