Is the Yield To Maturity Calculator free?

Yes. The Yield To Maturity Calculator on calculpage is completely free with no account required.

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What category does the Yield To Maturity Calculator belong to?

The Yield To Maturity Calculator belongs to the Financial category on calculpage.

Financial

Estimate the yield to maturity of a bond using the approximate YTM formula.

Face Value

Coupon Rate (%)

Years to Maturity

Current Bond Price

Approx. YTM = [Coupon + (Face − Price)/Years] / [(Face + Price)/2] × 100. Current Yield = Coupon / Price × 100.

Mortgage

Loan

Auto Loan

Interest

Payment

Retirement

Why is YTM only approximate?▼

The exact YTM requires solving a polynomial equation. The approximation formula is accurate to within a few basis points for most bonds.

What is the difference between YTM and coupon rate?▼

The coupon rate is fixed at issuance. YTM reflects the actual return given the current market price, which changes as rates fluctuate.

When does YTM equal the coupon rate?▼

When the bond trades at par (face value). Bonds trading at a discount have YTM above the coupon; bonds at a premium have YTM below.

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