Payment Calculator Estimator
Loan Calculation Methods
When calculating loan payments, there are different amortization. This payment calculator provides you with the 30/360 method:
- 30/360 Method: In this method, each month is considered to have 30 days, and the year is assumed to have 360 days. Interest is calculated based on these assumptions, simplifying the calculations.
Choose the calculation method and input the loan details below to calculate your monthly payment and view the amortization schedule: