Loan Balance Calculator
This calculator will help you to determine the current balance of a loan when payments that have been made have been different from those stipulated in the original loan terms. This may be especially helpful if you have sold something on Contract for Deed, but the borrower has not made the regular payments as stipulated by the loan agreement.
Enter the original loan terms, the month and year of the loan origination and the number of months that have past since that time. Then click the "Create Loan Balance Calculator" button. This will create a payment schedule beneath the button that will include editable payment fields equal to the number of months past.
* Information and interactive calculators are made available to you as self-help tools for your independent use. We cannot and do not guarantee their accuracy or their applicability to your circumstances. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues as well as mortgage information.