![]() ![]() So you can think of a loan as an annuity you pay to a lending institution. When you take out a loan, you must pay back the loan plus interest by making regular payments to the bank. To calculate the loan amount we use the loan equation formula in original form: P V P M T i 1 1 ( 1 + i) n Example: Your bank offers a loan at an annual interest rate of 6 and you are willing to pay 250 per month for 4 years (48 months). For additional compounding options use our Compounding This calculator assumes interest compounding occurs monthly as with payments. ![]() Monthly Payment The amount to be paid toward the loan at each monthly payment due date. Number of Months The number of payments required to repay the loan. 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 create and print a loan amortization schedule to see how your monthly payment will pay-off the loan principal plus interest over the course of the loan. Find your ideal payment by changing loan amount, interest rate and term and seeing the effect on payment amount. ![]() We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.Use this loan calculator to determine your monthly payment, interest rate, number of months or principal amount on a loan. We can not and do not guarantee their accuracy or their applicability to your circumstances. Information and interactive calculators are made available to you as self-help tools for your independent use. Quickly determine if you retirement plan is on track - and learn how to keep it there. Use this calculator to help develop or fine tune your education savings plan.įind out how consistent investments over a number of years can be an effective strategy to accumulate wealth. Savings & Retirement Calculators College Savings Should you consolidate your debt? This calculator is designed to help determine if debt consolidation is right for you. Use this calculator as a starting point for your debt management plan. This calculator can show you how to accelerate your debt payoff. You still need a plan to get your debt paid in full. Personal Debt Calculators Accelerated Debt PayoffĬonsolidating your debt is only half of the battle. Should you refinance your mortgage? Use this calculator to determine when you will breakeven!Īre you better off buying your home, or should you continue to rent? Use this calculator to determine your monthly payment and amortization schedule.Ĭan you buy your dream home? Find out just how much you can afford! Cat Financial may withdraw this prequalification at any time in its sole. Mortgage Calculators Mortgage Loan Calculator Any final approval for financing will be subject to a review of your creditworthiness. Clearview Federal Credit Union offers valuable banking solutions including checking accounts, savings accounts, auto loans, mortgages, personal loans, home. Use this calculator to sort through the monthly payments, fees and other costs associated with comparing loan options. This calculator helps determine your loan or line payment. Estimate how much you’re able to borrow for a home loan, calculate how much interest your money will attract in a savings account and compare different personal loan. One of our handy calculators can help you in so many ways. Or,Įnter in the loan amount and we will calculate your monthly Use personal finance calculators available on to see if you’re really getting the best deal out there. Lease your next automobile or finance it? Find out with thisĭesired payment - and let us calculate your loan amount. Loan payment based on your purchase price. Windows users may need to install Java - which can be downloaded for free from. For best results use the most recent version of your Internet browser. Include any upfront fees into the calculator to compute the real rate of interest. For other repayment options, please use the Loan Calculator instead. Please note that all financial calculators require a Java enabled browser. The Repayment Calculator can be used for loans in which a fixed amount is paid back periodically, such as mortgages, auto loans, student loans, and small business loans.
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