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This calculator is for APPROXIMATION only. This is not an offer to lend. Accuracy of the results is not guaranteed. The results of this calculator may vary greatly from the results of an actual loan. Please consult your lender for the actual numbers.

In most cases, a 360 day year is used for all of the calculations. Some exceptions apply when a WEEKLY, BI-WEEKLY, or OTHER option is used. In those cases, a 364 or 365 day year may be used for some or all of the calculations. Also, in some results when a WEEKLY, BI-WEEKLY or OTHER option is used, the amortization schedule will list DATED payments on each PAYMENT PERIOD, which in some situations may result in a slightly shorter or slightly longer amortization schedule as listed by date.

 

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