Alternative Payment Frequencies Calculator

Alternative Payment Frequencies

Use this calculator to determine your payment or loan amount for different payment frequencies. You can make payments weekly, biweekly, semimonthly, monthly, bimonthly, quarterly, semiannually or annually. You can then examine your principal balances by payment, total of all payments made, and total interest paid.

Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

Alternative Payment Frequencies

Use this calculator to determine your payment or loan amount for different payment frequencies. You can make payments weekly, biweekly, semimonthly, monthly, bimonthly, quarterly, semiannually or annually. You can then examine your principal balances by payment, total of all payments made, and total interest paid.

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For more information about these financial calculators please visit: Dinkytown.net Financial Calculators from KJE Computer Solutions, Inc.

By changing any value in the following form fields, calculated values are immediately provided for displayed output values. Click the view report button to see all of your results.

Loan payment is $420.04 for 60 payments at 9.5%.

*indicates required.

Loan inputs:

Calculate:

Calculate

Payment

Amount

Loan amount:*This entry is required.Enter an amount between $0 and $100,000,000

Payment:

Interest rate:*This entry is required.Enter an amount between 0% and 36%

Number of payments:*This entry is required.Enter an amount between 1 and 480

Payment frequency:*This entry is required.

Total interest paid:

$5,202.19

Total payments:

$25,202.19

Balances for a $20,000.00 loan Line Graph: Please use the calculator's report to see detailed calculation results in tabular form.

Balances for a $20,000.00 loan

Total Principal and Interest by Payment Stacked Column Graph: Please use the calculator's report to see detailed calculation results in tabular form.

Total Principal and Interest by Payment

Definitions

Loan amount

Total amount of your loan.

Payment

Payment for this loan.

Interest rate

Annual interest rate for this loan. Interest is calculated each period on the current outstanding balance of your loan. The periodic rate is your annual rate divided by the number of periods per year.

Number of payments

Number of payments for this loan.

Payment frequency

Choose how often payments will be made. The options are weekly (52 payments per year), bi-weekly (26 payments per year), semi-monthly (24 payments per year), monthly (12 payments per year), bi-monthly (6 payments per year), quarterly (4 payments per year), semi-annual (2 payments per year), and annually (1 payment per year).

Interest paid

Total amount of interest that will be paid on this loan. This total assumes all payments are made as scheduled, and there are no prepayments of principal.

Total payments

Total all payments for this loan. This includes all interest and principal. This total assumes all payments are made as scheduled, and there are no prepayments of principal.

Alternative Payment Frequencies Calculator