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Loan Name: |
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Date: |
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| 30/360 and Actual 360 Interest Caculation
Comparison |
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30/360 |
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Actual/360 |
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Initial Principal Balance: |
1,000,000 |
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Interest Rate: |
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Int/Mo: |
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Amortization Term: |
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years |
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years |
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30/360 Interest Rate Calculation |
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Actual 360 Interest Rate Calculation |
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Monthly |
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Principal |
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Monthly |
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Principal |
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Balance |
Payment |
Interest |
Reduction |
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Balance |
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Payment |
Interest |
Reduction |
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1,000,000 |
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| 1 |
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