This loan calculator will help you determine the monthly payments on a loan. Simply enter the loan amount, term and interest rate in the fields below and click calculate. This calculator can be used for mortgage, auto, or any other fixed loan types.
A loan is a contract between a borrower and a lender in which the borrower receives an amount of money (principal) which he is obligated to pay back later.
This loan calculator will help you determine the monthly payments on a loan. Simply enter the loan amount, term and interest rate in the fields below and click calculate. This calculator can be used for mortgage, auto, or any other fixed loan types.
http://www.bankrate.com/calculators/mortgages/loan-calculator.aspx