What is my principal after a few years of payments?

Enter the values and I will tell you what your principal will be after a few years of payments. This calculator can used for mortgages, car loans, or any other simple interest loans with amortization over a fixed time with fixed monthly payments.

Description

Loan Amount ($)

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Enter the amount of the loan as a number without any dollar ($) signs or commas (,).
Example 100000

Interest Rate (%)

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Enter the interest rate as a decimal number without any percentage (%) signs.
Example 6.5

Term (Years)

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Enter the number of years as a number.
Example 30

Payments Made
(Years)

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Enter the number of payments made in years as a decimal.
Example 3.5