Estimate the remaining principal after a selected number of scheduled monthly payments.
The calculator keeps the balance, rate convention, payment timing, fees, and term visible so you can reproduce the result and compare it with an actual offer or statement.
The cash-flow relationship
Place every amount at the correct time
Each month charges opening balance × nominal annual rate ÷ 12, then applies the level payment to interest and principal.
Visual explanation
What changes the borrowing result
Opening balance
interestprincipal
Monthly paymentClosing balance falls over timeEach month charges opening balance × nominal annual rate ÷ 12, then applies the level payment to interest and principal.
Read the result in context
Use the estimate with its contract assumptions
For a 12,000 zero-rate loan repaid over 12 months, the balance after payment 5 is 7,000.
The balance is reported after the selected end-of-month payment. The estimate assumes all earlier payments were made as scheduled with no extras or missed payments.
Quick guide
How to use this calculator
Enter every amount in one consistent currency.
Use the nominal annual rate and whole-number monthly timing requested by each label.
Read the result together with the stated timing convention and calculator-specific exclusions.
Calculation method
Calculation method
Each month charges opening balance × nominal annual rate ÷ 12, then applies the level payment to interest and principal.
Entered monetary components are aggregated as exact fixed decimals. Amortization keeps full calculation precision and rounds only for presentation; a nonzero supported result is never displayed as zero.
Worked example
Worked example
For a 12,000 zero-rate loan repaid over 12 months, the balance after payment 5 is 7,000.
Each month charges opening balance × nominal annual rate ÷ 12, then applies the level payment to interest and principal.
Supported inputs
Precision and limits
Visible input limits
Amounts are capped at 1e12, nominal annual rates at 1000%, schedules at 1,200 months, and fixed-decimal inputs at 12 decimal places.
Estimate, not an offer
Results model only the entered values. A lender or contract may use different payment dates, day counts, compounding, fee treatment, statement rounding, or allocation rules.
International scope
No currency, country, tax, credit-scoring system, consumer-credit law, or lender policy is assumed. Location-dependent amounts must be entered explicitly.
Calculator-specific assumptions
The balance is reported after the selected end-of-month payment. The estimate assumes all earlier payments were made as scheduled with no extras or missed payments.
