About Payment Calculator

This calculator helps you determine payment amounts for various types of loans. It supports both fixed payment (where the payment amount stays the same) and fixed principal (where the principal portion stays the same) payment methods.

Key features:

• Fixed Payment: The payment amount remains constant throughout the loan term
• Fixed Principal: The principal portion of each payment remains constant
• Payment Frequency: Choose between monthly, bi-weekly, or weekly payments
• Detailed Schedule: View the complete payment schedule with principal and interest breakdown

Tips for using the calculator:

• Compare different payment frequencies to find the most suitable option
• Consider the total interest paid when choosing between payment methods
• Use the payment schedule to understand how your payments are applied over time