# What is monthly interest payment on a 10000 loan for 5 years at 14 interest?

$10,000 X 14% (interest) : $1,400 p.a. X 5 yrs: $7,000 over the 5yr (60 months) period. The monthly interest payment will be $116.67

### How does the down payment affect a mortgage?

A down payment will reduce the principal borrowed which lowers your monthly payments. A large down payment may also help lower your interest rate and may help you avoid paying PMI. If, for example you were buying a $200,000, at 5% for 30 years, the payment would be $1073.64 per month. If you put 10% down, or $20,000, your monthly payment would be $966.28 and you would save about $20,000 in interest.

### Your payment is MONTHLY_GRAND_TOTAL for TERM years with a rate of INTEREST_RATE.?

Your payment is MONTHLY_GRAND_TOTAL for TERM years with a rate of INTEREST_RATE.**GRAPH** Mortgage Summary Loan amountLOAN_AMOUNT TermTERM years Interest rateINTEREST_RATE Annual home insuranceYEARLY_HOME_INSURANCE Annual property taxesYEARLY_PROPERTY_TAXES Monthly paymentMONTHLY_PI Monthly payment (PITI)*MONTHLY_PITI Total principal and interest paymentsTOTAL_OF_PAYMENTS Total interestINTEREST_PAID *Principal, Interest, Taxes, Insurance Prepayment Results Principal prepayments on your mortgage can save you a great deal of interest. They can also shorten the time it takes to pay off your mortgage, in many cases, by several…

### Will paying extra on mortgage principal lower monthly payment?

Generally no. If you pay extra on the principal you will pay off the loan earlier, but your monthly payment will stay the same. If you want to lower the payment, you will need to refinance. But paying extra will help you payoff your loan faster and can save significantly on the interest paid. For example, a 300,000 loan at 5% for 30 years, paying just $200 extra per month reduces the number of monthly…

### What is the average mortgage payment on 130000?

I don't think there is a such a thing as an average mortgage payment on any given dollar amount. The principal and interest payment depends on several factors besides the loan amount, primarily the interest rate and loan term(length of the loan). To keep it simple, a 130,000 mortgage at 4.5% for 30 years would be $658.69 for your principal and interest payment. If you could afford to do a 15 year loan, at the…

### What is the monthly payment of a Hyundai Sonata 2012?

There is not enough information to answer the question. At least the following is necessary to calculate monthly payments. The negotiated purchase price of the car. Taxes applicable to the purchase Amount of down payment and total amount of the loan The interest rate of the loan The number of months or years of the loan

### What is monthly payment on 330k mortgage?

That would depend on the interest rate and the length of the loan. Your payment for a 330,000 loan at 4.5% for 30 years would be $1672.06. If the mortgage was only for 15 years your payment would be $2524.48. If you took the same loan amount for 30 years at 5% your payment would be $1771.51. So it is hard to say what your payment would be without the additional information, but this should…

### Is it smart to pay off a car with a credit card that has lower interest rate?

In most car loans, a fixed rate and monthly payment will apply. You may have a credit card with a lower rate but if you make only the minimum monthly payment, you will most likely be in debt longer so the lower rate won't help you. It also depends on if your credit card interest is calculated on a daily average balance or compounded. Make extra payments to your car loan to pay less interest…

### How much are the monthly payment of a mortgage of 30000?

That depends on several additional pieces of information you didn't include in your answer, notably interest rate and length of the loan. As an example, a 30000 mortgage at 4% for 15 years would have a monthly payment of $221.91. Please provide the additional details on your loan terms for a more accurate answer.

### What is the monthly interest payment on 10000 dollar loan for 3 years at 5 percent interest per month?

Assuming that the loan principal is paid off in equal installments AND the monthly payment is to be kept the same, the average simple interest paid per month for the loan may be computed as follows: $10,000 principal balance at time 0 months $0 principal balance at time 36 months ($10,000 + $0) / 2 = $5,000 average balance $5,000 is average balance throughout the period of the loan $5,000 x 5% per month =…