What this post-judgment interest calculator does
This calculator shows the total amount owed. You enter the judgment amount, rate, and time accruing. The tool then adds the statutory interest. So you see the interest and the full total. It also shows the principal on its own. You see the result in your currency.
What post-judgment interest is
Post-judgment interest is interest on a court award. It builds up from the date of judgment. So a debt grows until it is paid. A statutory rate is set by law. It rewards the winner for the wait. This tool works out the amount.
How it is calculated
The tool takes the judgment amount. It applies the yearly rate over the time. It uses simple interest on the award. So the interest is the same each year. The result is your total amount owed. The calculator handles this for you.
What the result tells you
The result shows the total amount owed. Ten thousand at six percent over three years owes eleven thousand eight hundred. A higher rate raises it. More time raises it too. So it shows the debt with interest. It is a straightforward figure.
The judgment amount
Your judgment amount is the sum the court awarded. It is the principal the interest runs on. A bigger award raises the interest. So this number sets the base. Use the amount in the judgment. It is the base of the whole sum. Enter your judgment amount.
The statutory rate
Your statutory rate is the yearly rate set by law. It is fixed by the court or the state. A higher rate raises the interest. So this number drives the growth. Use the rate that applies to your case. Rates differ by place and year. Enter your statutory rate.
The time accruing
Your time accruing is how long interest builds. It is the span since the judgment. More time raises the interest. So this number stretches the total. Use the years the debt has run. It counts until the debt is paid. Enter your time accruing.
The interest amount
The tool also shows the interest amount alone. It is the total above the judgment. Here it comes to one thousand eight hundred. So you see the interest on its own. It is the price of the delay. It grows with time and rate.
Simple not compound
Most post-judgment interest is simple interest. It is charged only on the original award. So it does not build on past interest. Each year adds the same amount. Some places do compound it instead. Check the rule that applies to you.
How to use it
Enter your judgment amount first. Add the rate and time accruing. Read the total amount owed in the currency you choose. Then see the interest alone. Try a longer time. Compare two rates. Use it to estimate a payoff.
A final tip
Use this to estimate interest on a judgment. Remember the exact rule varies by place. This is a guide, not legal advice. Some awards use compound interest instead. The clock usually stops once it is paid. Do not rely on it for a court filing. Check your local rule for the exact figure.