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Loan Matrix Calculator-save time by avoiding what-if calculations
Information
This text is dynamically cleared and added as needed.
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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%.
Loan Matrix Help
On the "Payment Amount - term varies" tab you can calculate a matrix of potential periodic payments for a given loan amount while varying the term and interest rate for the loan.
On the "Payment Amount - loan amount varies" tab you can calculate a matrix of potential periodic payments for a given term while varying the loan amount and interest rate.
The "Loan Amount" tab allows you to calculate a matrix of various loan amounts that can be borrowed for a given payment amount for different terms and interest rates.
The "step values" on either tab control by what amount the interest rate and term are going to increase.
Note: It is not necessary to clear one calculation before doing the next. You can change one value and recalculate.
Currency and Date Conventions
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.
Comments, suggestions & questions welcomed...