Loan Balance Calculator
This Loan Balance Calculator helps you estimate the remaining balance on a loan after a certain number of payments, considering your original loan amount, monthly payment, interest rate, and number of periods.
Remaining Loan Balance Calculator
Loan Balance Calculation Formula
\[
B = (A \times (1 + r)^n) – \left( \frac{P}{r} \times \left((1 + r)^n – 1\right) \right)
\]
Where:
- $$B$$ = Remaining loan balance
- $$A$$ = Original loan amount
- $$r$$ = Monthly interest rate (annual rate divided by 12)
- $$n$$ = Number of periods (months) elapsed
- $$P$$ = Monthly payment amount
The Loan Balance Calculator is useful for tracking how much of your loan principal remains unpaid after a certain number of payments. It helps you plan prepayments, refinancing, or evaluate how much you still owe on a mortgage, car loan, or personal loan.