Debt Payment Tools

Worksheets and calculators are useful tools for computing loan and mortgage payments and the impact of changes in loan terms.  A variety of calculators are presented in the box at the right under more information.

For more information on this topic, see the links listed below of articles posted on related Web sites.

Loan Calculators
  • Revolving Loan Calculator - University of Illinois Extension – Calculates principal and interest balances for revolving loans.
  • Loan Amortization – University of Illinois Extension -- Simple loan amortization program calculating principal, interest and outstanding balance.
  • Commercial Loan Calculator –  Use this calculator to estimate your debt service coverage with a new loan. If your debt service coverage is high enough, including your new loan payment, you have a good chance of being approved.
  • Financial Calculators – Use the slider controls to instantly change your monthly payment, loan amount, interest rate or term.

 

Links checked June 2019.