Free Loan Payment Calculator

To make responsible decisions when you're considering to borrow a loan from the bank, whether you're interested in buying a new home, car or something else expensive, it's necessary to consult a financial specialist that can tell you exactly what you're getting yourself into.

Calculate monthly loan payments

Before doing so, you can can find out how much your monthly loan payment would be by using various software products, such as Free Loan Payment Calculator.
This is a lightweight application dedicated to Windows users, which can quickly determine your monthly loan payment based on the down payment, interest rate and other factors.

Simple installation and intuitive interface

It doesn't require any previous experience with loan calculators, thanks to the fact that it comes packed with an intuitive set of options.
There's nothing complicated about the setup operation. Afterward, you're greeted by a colorful interface that displays everything in one window.

Set the price, term, down payment, and interest rate

The information you have to fill is represented by the purchase amount, loan term (in months or years), down payment, and interest rate (%).
The only supported currency is the dollar. However, this aspect isn't important because it doesn't affect the financial calculations in anyway.

Print the monthly payment schedule

Once you click the "Calculate" button, the tool shows your monthly loan payment. Evidently, it's based on a fixed rate since it doesn't have support for variable rates.
The monthly payment schedule with each event, loan amount, payment, interest rate, principal and balance, along with grand total can be printed.
If you have a PDF virtual printer installed, you can generate a PDF document with all this info instead of printing it on physical paper.

Conclusion

All things considered, Free Loan Payment Calculator is a straightforward utility that can give you an estimate of loan monthly payments. However, it cannot replace the advice of a professional.