To use the loan calculator:
1. Enter your loan amount (e.g. 60000.00). Do not enter commas or dollar signs.
2. Enter your loan length in months (e.g. a 30 year mortgage would be 360 months).
3. Enter your interest rate (e.g. 5.65). Do not enter a percentage sign.
4. Click the Calculate button to determine your monthly payment.
5. Click the Reset button to start over.
The results of this loan payment calculator are for comparison
purposes only. They will be a close approximation of actual loan repayments if
available at the terms entered, from a financial institution. This is being
provided for you to plan your next loan application. To use, enter values for
the Loan Amount, Number of Months for Loan, and the Interest Rate (e.g. 7.25),
and click the Calculate button. Clicking the Reset button will clear entered
values.
Enter only numeric values (no commas), using decimal points
where needed.
Non-numeric values will cause errors.