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 open a screen with editable payment fields equal to the number of months past.