This loan calculation provides output on the following 3 scenarios:
Table Loan - one payment per month that includes both principal and interest.
Straight Line Loan - two payments per month, one for principal and one for interest.
Interest Only Loan - one payment per month to cover the interest cost of the loan.
Table Loan Simulation
This loan calculation is based on a fixed repayment amount for the term of the loan and includes both principal and interest.
Loan Amount :
Monthly Payment :
No. of years :
Straight Line Loan Simulation
This loan calculation is based on separate monthly repayment amounts, one for interest and one for principal. The principal amount remains constant with the interest component reducing over time.
Loan Amount :
Monthly Principal Payment :
First Monthly Interest Payment :
Total First Monthly Payment :
No. of years :
Interest Only Loan Simulation
This loan calculation is based on a monthly repayment amount solely covering the interest cost of the loan.
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members of the New Zealand Institute
of Chartered Accountants. http://www.nzica.com/
Sadler Oakly Newman Limited Directors - Allan Newman, Leanne Southey, and Rebecca Schofield
2 Church Street, PO Box 125, Masterton 5840, New Zealand
