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Figure Loan Payments Calculator with Interest Cost and Work Hours

Calculator Preferences
Figure Loan Payments Calculator Sign
Figure Loan Payments Calculator

This calculator will calculate the payment amount, the interest cost, and the work hours required to pay back a loan. Accommodates multiple payment intervals and the results include an optional payment schedule. The Aware tab includes:

  • Crossing a high-speed intersection.
  • What am I giving up?
Learn More

Selected Data Record:

A Data Record is a set of calculator entries that are stored in your web browser's Local Storage. If a Data Record is currently selected in the "Data" tab, this line will list the name you gave to that data record. If no data record is selected, or you have no entries stored for this calculator, the line will display "None".

DataData recordData recordSelected data record: None
Loan amt:Loan amount:Amount you are looking to borrow:Amount you are looking to borrow:

Amount you are looking to borrow:

Enter the amount you are looking to borrow, otherwise referred to as Principal. Enter as a dollar amount, but without the dollar sign and any commas.

Rate:Interest rate:Annual interest rate:Annual interest rate of the loan:

Annual interest rate of the loan:

Enter the annual interest rate you will be charged for the loan. Enter as a percentage but without the percent sign (for .06 or 6%, enter 6).

# years:Number of years:Number of years:Number of years:

Number of years:

Enter the number of years you would like to spread your payments over. The longer you take to pay back the loan, the more of your hard earned money will go toward paying interest charges to the lender.

Pmt freq:Pmt frequency:Loan payment frequency:Loan payment frequency:

Loan payment frequency:

Select the payment frequency you would like to use for repaying the loan.

Date of first payment:

Date of first payment:

Select the month, day, and year you plan to make your first payment. The calculator will use this date to create a payment schedule should you choose to have one included in the results.

Schedule?Include schedule?Include payment schedule?Include payment schedule?

Include payment schedule?

If you would like the results to include the payment schedule, slide the button to the "Yes" position. If not, slide the button to the "No" position.

Hourly wageReal hourly wageOptional: Real hourly wageOptional: Real hourly wage:

Real hourly wage:

Optional: If you would like to see how many hours you will need to work in order to earn the after-tax, after-work-expense income needed to pay back this loan, enter your real hourly wage here (clicking link opens new window with Real Hourly Wage Calculator).

Pmt amt:Payment amount:Loan payment amount:Loan payment amount:

Loan payment amount:

Based on your entries, this is how much your payment will be for the interval you selected.

Interest:Interest cost:Interest cost:Interest cost:

Interest cost:

Based on your entries, this is how much interest you will pay between now and when you make your final payment.

Work hours:Work hours:Work hours to pay back loan:Work hours to pay back the borrowed funds:

Work hours to pay back the borrowed funds:

Based on your entries, this is how many hours you will need to allocate to working in order to earn the after-tax, after-work-expense income to pay back this loan.

If you would like to save the current entries to the secure database, tap or click on the Data tab, select "New Data Record", give the data record a name, then tap or click the Save button. To save changes to previously saved entries, simply tap the Save button. Please select and "Clear" any data records you no longer need.

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Help and Tools

Help and Tools:

This section, which you can Unstick or Hide in the Calculator Preferences (just above the top of the calculator), contains the following tabs (content too long to fit within bordered frame can be scrolled up and down):

About: Click this tab for an introduction to the calculator.

Instructions: Click this tab for step-by-step instructions for using the calculator.

Terms: Click this tab for a list of the descriptions that are located within each popup help button (info icons).

PCalc: Click this tab for a handy "pocket" calculator you can use when you need to calculate an entry needed for the calculator.

Data: Click this tab to save a set of entries or a note in between visits. Entries and notes will be stored to your web browser's local storage (if supported by your browser of choice), meaning they can only be recalled with the same device and web browser you were using when you saved them. If you'd like to save entries and notes between devices you can do so by subscribing to the Ad-Free Member Version.



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Adjust Calculator Width:

Move the slider to left and right to adjust the calculator width. Note that the Help and Tools panel will be hidden when the calculator is too wide to fit both on the screen. Moving the slider to the left will bring the instructions and tools panel back into view.

Also note that some calculators will reformat to accommodate the screen size as you make the calculator wider or narrower. If the calculator is narrow, columns of entry rows will be converted to a vertical entry form, whereas a wider calculator will display columns of entry rows, and the entry fields will be smaller in size ... since they will not need to be "thumb friendly".

Show/Hide Popup Keypads:

Select Show or Hide to show or hide the popup keypad icons located next to numeric entry fields. These are generally only needed for mobile devices that don't have decimal points in their numeric keypads. So if you are on a desktop, you may find the calculator to be more user-friendly and less cluttered without them.

Stick/Unstick Tools:

Select Stick or Unstick to stick or unstick the help and tools panel. Selecting "Stick" will keep the panel in view while scrolling the calculator vertically. If you find that annoying, select "Unstick" to keep the panel in a stationary position.

If the tools panel becomes "Unstuck" on its own, try clicking "Unstick" and then "Stick" to re-stick the panel.