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Loan Payment Calculator | Flabell
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Loan Payment Calculator

Loan Payment Calculator screenshot

Preview:   Downloads: 164

Posted on: Wed, Sep 29th 2010, 02:44

 

$6

This loan calculator allows you the option of solving for any of 4 variables: loan amount, interest rate, term of the loan in years, and monthly payment.

EXAMPLES
1) You want to borrow $10,000 at 10 per cent interest for 4 years. What is the monthly payment?
Select the PAYMENT option, input the amounts, click calculate and the answer is $253.63 per month.

2) You can afford to pay $900.00 per month for a loan. If the loan is 8% and for 15 years, what is the maximum amount you can borrow?
Select the AMOUNT option, enter the 3 amounts, click calculate and your answer should be $94,176.53.

3) You can afford to pay $1,500.00 per month for a 7% loan of $150,000. How many years do you need to pay off this loan?
Select the YEARS option, input the amounts, click calculate and the answer is 12.543 years.

4) You can afford monthly payments of $1,700.00 for a 30 year loan of $250,000.00. What is the maximum rate you can afford to pay?
Select the RATE option, input the amounts, click calculate and the answer is 7.217 per cent.

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