Notes:
This version of the simple loan calculator allows for playing with the down payment amount and calculates both the monthly payment amount and the total interest.
Question:
How much will my loan payment and total interest be?
This calculator will compute a loan's monthly payment amount and the total interest based on the purchase price, down payment amount, interest rate and number of monthly payments.
Purchase price:
Down payment amount:
Interest rate (%):
Number of monthly payments: Example Chart below...
Amount financed:
Monthly payment:
Total interest:
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