It would be best if you let a pro install it as every crank has to be lined up for proper timing.
get the manual!
right below ur timing belt
If you checked the belt and you think it is loose ,change it. It has a tensioner built in that sets the tension when the belt is installed.
the water pump is located under the timing belt cover. in order to replace it you need to remove the timing belt, i would recommend doing the timing belt while your in there too.
It's run by the timing belt near the bottom of the engine. (Passenger side of engine). So you need to remove the timing belt cover to get at it.
Get the Haynes manual for the vehicle. It goes step by step. Used it for mine.
It's been a while since I worked on a 1G Talon, but I believe the water Pump is located on the serpentine belt. It's the same belt with the crank shaft and alternator. No, you should not remove the timing belt.
The timing belt is on the driver side of the engine in the thin plastic case(it is a simple 4 bolt remove). There are 2 serpentine belts in the way of this as well as the pullies they are attached to, it is a tight fit so be prepared for a lot of frustration!! All the belts must come off the car in order for you to change the timing belt.
The crank positioning sensor is located on the opposite side of the block as the timing belt.
Begin by removing all of the pulleys from the front of the engine. Remove the front engine cover. Remove the timing belt. Reverse the process to install the new timing belt.
You can get a serpentine belt diagram for your 1995 Eagle Talon at most Chrysler dealerships. Most auto-parts stores will give you a diagram when you purchase the serpentine belt.
best way to go to parts store and buy a chilton repair manual $20 and it will walk you right through it