auto loan desired loan amount ramax auto loan calc

If you have an existing loan input remaining principal, interest rate and monthly payment to calculate the number of payments remaining on your loan.

Input different payment amounts for a loan to see how long it will take you to pay off the loan. Input loan amount, number of months required to pay off the loan and payment amount to calculate the interest rate on the loan. If you have an existing loan, input your interest rate, monthly payment amount and how many payments are left to calculate the principal that remains on your loan. Try different loan amounts to see how it affects the required monthly payment.

Loan payment table to easily compare principal and interest amounts. Try different loan scenarios and create and print an amortization schedule or create a Find your ideal payment amount by changing loan amount, interest rate, and number of payments in the loan. Calculator OptionsĬalculate the payment required for your loan amount and term. Payment Amount The amount to be paid on the loan at each payment due date. Number of Payments ÷ Payment Frequency = Loan Term in Years. Payment Frequency How often payments are made each year. Number of Payments The number of payments required to repay the loan. If compounding and payment frequencies are different, this calculator converts interest to anĮquivalent rate and calculations are performed in terms of payment frequency. Interest rates can be as low as 4 per year or as high as 20 per year, depending on the lender, with an average loanable amount of 100,000 to 1,000,000. Compounding The frequency or number of times per year that interest is compounded. However, before releasing the loan, the lenders may want you to make a down payment of at least 20 or as much as 50, depending on the cost of the car. Interest Rate The annual nominal interest rate, or stated rate of the loan. Loan Amount The original principal on a new loan or principal remaining on an existing loan. You can also use ourīasic loan calculator which assumes your loan has the typical monthly payment frequency and monthly interest compounding. Create and print a loan amortization schedule to see how your loan payment pays down principal and bank interest over the life of the loan.Ī key feature of this calculator is that it allows you to calculate loans with different compounding and payment frequencies. Use this calculator to try different loan scenarios for affordability by varying loan amount, interest rate, and payment frequency. Calculate loan payments, loan amount, interest rate or number of payments.

Auto loan desired loan amount ramax auto loan calc