Existing Loan Calculator
Calculate the remaining balance on an existing loan based on your current monthly payment and remaining term.
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Current Loan Details
$
%
240 months
Loan Summary
Remaining Balance$201,188
Total Remaining Payments$360,000
Remaining Interest$158,812
How it works›
Model and assumptions. Calculates interest on the remaining principal and applies the modeled payment to interest and then principal. Level payments use P × r / (1 − (1+r)^−n), with P/n at zero interest. Payment timing, fees and changing rates are included only where entered; a balloon or unpaid balance remains a liability.OpenStax: annuity formulas