Personal Finance
Home Buying
Money Management
DIY Projects

How do you calculate a loan payment?

Top Answer
User Avatar
Wiki User
Answered 2013-08-19 20:04:50

One may calculate a loan payment by using a loan calculator. One would need to know the interest rate, the length of the loan, and the amount borrowed. There are several places to look for a loan calculator online. If one types in loan calculators many types will pop up. Bankrate has loan calculators for practically every type of loan there is - home, auto, credit card, etc.

User Avatar

Your Answer

Still Have Questions?

Related Questions

Are there websites that can calculate car loan payments?

There are websites that calculate your car loan payments. Most dealership websites have a payment calculater on there site that will allow you to enter your down payment amount and will calculate your payment after taking everything into play.

What is a loan payment calculator used for?

A loan payment calculator is used for helping you to calculate a monthly payment for any type of loan. You can use it for a mortgage, car, boat, cottage, etc.

How do you calculate India loan?

You can calculate EMI and other Loan Payment Terms using's online Calculator Tool.

Amortizing Loan Calculator?

Amortizing Loan Calculator Enter your desired payment - and let us calculate your loan amount. Or, enter in the loan amount and we will calculate your monthly payment. You can then examine your principal balances by payment, total of all payments made, and total interest paid. Press the report button to see a monthly payment schedule.

Do the car loan payment calculators calculate interest of the car?

Yes, car loan payment calculators should calculate interest of the car loan. They will most likely ask you to enter the interest rate, so they can include interests in their calculations.

How do you Figure out a payment on a loan?

Loan payment is a function of the following: Number of periods the loan will be payed (e.g. 36 months) Interest rate per period The loan amount After having all of this use excel PMT function to calculate the payment

Calculate monthly payment?

the monthly payment is calculated based on the following: 1. loan amount 2. loan interest rate 3. term of loan Use the easy loan calculator below with your own figures.

Where can I calculate my loan payment?

Here is a perfect website where you can calculate your loan and add whatever extra payments you want to see if they will make a worthwhile difference:

How do you calculate interest only payment for a loan?

dr. cash cr. interst expense

Are online sources reliable to calculate payment car loan?

There are some online sources that are extremely reliable when you want to calculate a payment car loan. Some, though, are not so reliable, so looking for the credentials would be the first thing i do.

How can you calculate your car payment online?

Many financial instituions or car dealerships offer this service. They offer an online calculator where you provide the information regarding your car loan, and they will calculate the payment.

Do any websites have a simple loan calculator where I can calculate the monthly payment for a loan?

There are money online loan calculators that will provide you with monthly payment information and the total amount and interest you will re-pay over the life of the loan. Here is just one of them -

Which websites have a home loan payment calculator?

A governmental website called mortgagecalculator would be the best place to calculate your home loan payments.

What does a loan calculator auto do?

Assuming you mean "auto loan calculator," you can enter the purchase price of a vehicle, estimated interest rate, length of the loan, and down payment amount. The calculator will calculate what your monthly payment will be based on the terms provided.

What is a loan payment interest calculator used for?

T how many years can I finance a used car in Ohio and is there a limit and how much interest

What information does the car loan calculator Canada give?

Car loan calculator Canada can calculate ones car loan payments. One has to enter his/her price, down payment, trade-in value and rate into the Canada car loan calculator and the calculator will calculate ones car loan payments.

How can I estimate my car payment?

You can calculate this on a monthly loan calculator, available online. You must input information and it will give you an estimate of your monthly loan payments.

How do you calculate the Principal repaid after a period of time on a loan?

get the difference of interest rate and monthly periodic payment

Existing Loan Calculator?

Existing Loan Calculator Use this calculator to analyze one of your existing loans. Calculate your remaining balance based on the number of monthly payments you have remaining. You can then click on the "View Report" button for a complete, payment by payment, amortization schedule of your loan.

Does a student loan calculator factor in interest?

Yes, most student loan calculators do automatically calculate interest in their payment estimators. However, it's very difficult to calculate an exact number using this system.

How can you lower loan payment for car?

You can lower your loan payment by refinancing your car loan. You can also negotiate with your current lender and see if he can reduce your payment amount.

What is the purpose of an amortization loan calculator?

The purpose of an amortization loan calculator, is to calculate the information including price and payment options regarding popular loans for mortgage, and others.

How do you calculate your car payment by hand?

Take the amount of loan and including interest charges. Then determine the length of the loan. Then divide it by the number of months it takes to complete term of loan. This will give you the monthly payments.

What is the best website to calculate car loan payments?

You can use online websites to automatically calculate your car payment on a car loan. Also, the car company should have let you know what the monthly fee would be when you bought the car.

What is a payment calculator loan?

A payment calculator loan is a loan where the monthly payment that is due each month has been calculated. Depending on what type of loan it is, you may have to start paying now, or you may have to pay later.

Still have questions?