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Simple Loan Amount Calculator Help

An advertisement shows you the monthly payment amount and how long you'll pay that amount. And you can find the interest rate in the fine print at the bottom of the ad. But the actual price or loan amount is never mentioned. Sound familiar? Enter the monthly payment amount, the interest rate, and length of the loan into this calculator and it will show you the loan amount.

Input Fields:
Title A title for these calculator results that will help you identify it if you have printed out several versions of the calculator.
Monthly Payment The amount of principal + interest you are currently required to pay each month toward this loan.
Interest Rate The annual percentage rate you will pay for this loan.
Length of Loan How long you will pay on this loan. Also choose whether 'Length of Loan' is years or months.

Output Fields:
Loan Amount The amount you plan to borrow.

Buttons and Checkboxes:
Help Brings up this Help window.
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All calculators are made available as self-help tools for your independent use with results based on information provided by the user. All examples are hypothetical and are for illustrative purposes only. Calculated results are believed to be accurate but results are not guaranteed. Loan calculators are not intended to provide financial advice. We can not and do not guarantee their applicability or accuracy in regards to your individual circumstances. Users are advised to seek personalized advice from qualified professionals regarding all personal finance issues.
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Updated 04 Jul 2007