365/360 Loan Calculator

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By changing any value in the following form fields, calculated values are immediately provided for displayed output values. Click the view report button to see all of your results.

*indicates required.

Loan information:

Loan type:*This entry is required.

Payment frequency:*This entry is required.

Amount of loan:*This entry is required.Enter an amount between $0 and $100,000,000

Interest rate:*This entry is required.Enter an amount between 0% and 25%

Financing start date:*This entry is required.Please enter a valid date for Financing start date

Loan term:*This entry is required.Enter an amount between 0 and 360

Amortization term:*This entry is required.Enter an amount between 0 and 360

Interest only term:

First payment date:*This entry is required.Please enter a valid date for First payment date

Final payment date:

2/1/2026

Monthly payment:

$38,364.19

Total interest paid:

$141,851.40

Total payments:

$2,301,851.40

Balances for a $2,160,000 loan Line Graph: Please use the calculator's report to see detailed calculation results in tabular form.

Balances for a $2,160,000 loan

Definitions

Loan type

Choose installment loan a that is fully amortized over the term. This option will always have a term that is equal to the amortization term. Choose balloon to have a loan with a balloon payment where the term of the loan will be shorter than the amortization term. Choose interest only to make interest only payments. Choose Principal + Interest for a loan that has a fixed principal payment plus accrued interest.

Payment frequency

Frequency of your payments. The default is monthly. Other options include quarterly, semi-annual and annual payments.

Amount of loan

Total amount of your loan.

Financing start date

This is the first day that interest will begin to be charged to your loan balance. This is also typically the same date that funds are distributed to the borrower.

Interest rate

Annual interest rate for this loan. Interest is calculated monthly at 1/360th of the annual rate times the number of days in the month on the current outstanding balance of your loan. If you have a loan with a payment frequency of quarterly, semi-annually or annually interest will accrue monthly increasing your principal balance until the next regular payment is received.

Loan term

Number of payments for this loan.

Amortization term

The number of payments over which your loan payment is calculated.

Interest only term

The number of payments where the initial payments are interest only.

First payment date

This is the date of your first payment. The default first payment is the first of month after one full payment period has elapsed, but can be any date on or after the financing start date. The period of time before your first payment is not considered part of the loan term.

Final payment date

This is the date of final payment.

Payment

The payment for this loan each period.

North State Bank
https://www.northstatebank.com

Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.