Loan Matrix Calculator

Save time from doing "what-ifs?"
Accurate Loan Matrix Calculator
Loan Matrix Calculator
  • Create a matrix of payment amounts or borrowed amounts.
  • Interest rate steps along the x-axis
  • Term steps down the y-axis

The loan matrix is a tool used to calculate:

  • the payments for a loan based on different interest rates and terms
  • the payments for a loan based on different interest rates and loan amounts
  • possible loan amounts based on different interest rates and payment terms for a given payment

The point of a matrix calculator is that it presents multiple results at one time. This can save you from doing a series of what-if calculations.

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Some additional notes:

  • Payment method: When the payments start. If the first payment is due on the day the loan originates, then select "start-of-period," otherwise select "end-of-period."
  • Compound frequency: If the compounding frequency is not specified by the lender or you don't know it, then select the same value as "payment frequency."
  • Step values: By how much to increase the x-axis and y-axis values from their initial values. For example, if you've set the "initial interest rate" to 5% and if you set the "rate step value" to 0.5% then the calculator will set the second value for the interest rate (x-axis) to 5.5%.

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