AMORTIZATION CALCULATOR

During the course of your lifetime, you may have occasion to borrow money for a major purchase — a home or auto, for example. The amortization calculator helps you determine the periodic payment you will have to make to repay a loan in a specified time. Your debt can be systematically reduced (amortized) on a monthly or annual basis.

Each payment includes both a partial repayment of the face value of the loan (principal) and a partial repayment of the interest due on the loan. Longer repayment periods may reduce the amount of each payment but they also will increase the amount of interest you will pay on the loan.

Amount of loan (principal):
Enter the amount of money you intend to borrow.
$
Repayment period:
Enter the number of years you intend to take repaying the loan.
(i.e. 30 for a house, 5 for a car)
Interest rate:
Enter the percentage of interest the lender will charge you for the loan.
%
(i.e. 7% for a house, 14% on a car)
Payment frequency:
Specify when you will make each payment.
Monthly
Annually
Hello future.
Lincoln Financial Group is the marketing name for Lincoln National Corporation and insurance
company affiliates, including The Lincoln National Life Insurance Company, Fort Wayne, IN,
and in New York, Lincoln Life & Annuity Company of New York, Syracuse, NY. Variable products
distributed by broker/dealer-affiliate Lincoln Financial Distributors, Inc., Radnor, PA. Securities
and investment advisory services offered through other affiliates. Explore Lincoln.



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