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Loan and Mortgage Calculators
use mathematical functions that are not available on ordinary
four function calculators but are very easy for the computer.
This makes it difficult for most people to do these calculations
for their own loans.
The following calculators will perform all the calculations
normally required for managing and planning your financial needs
regarding mortgages and loans.
Calculate
Loan Payment Amount
Calculate the periodic payment amount required to pay off a
mortgage or other loan with the terms you specify. Amount, rate,
number of payments, and payment frequency.
Calculate
Loan Amount
Calculate maximum amount of loan or mortgage you can pay with the terms you specify.
Rate, number of payments, payment amount and payment frequency.
Calculate Loan
Term
Calculate the number of payments required to pay a loan or mortgage of the
amount you specify with the terms you supply. Rate, mortgage
amount, payment amount and payment frequency.
Calculate a Loan
Interest Rate
Calculate the effective interest rate of a loan or mortgage
given the terms you specify. Loan amount. payment amount, number of payments, and payment frequency.
This is not the same calculation as used by APR calculations. It
does not account for odd days, fees, or prepaids.
Calculate Loan
Balance at Pmt (n)
Calculate the loan balance after the specified payment has been
paid. Given the Amount, term, rate, payment amount, and number
of payments, what will the balance be. For example: What is the
balance of a 30 year mortgage after 388 payments have been paid?
( Assumes all loan payments are made on time. )
Calculate Interest Paid on Loan
Calculate the interest paid on a loan during a specific time
period. Given the Amount, term, rate, payment amount, number of
payments, first payment in the period, last payment in the
period, what will be the interest paid during the period
including the first payment, the last payment, and all
intervening periods. For example: What is the amount of interest
expected to be paid during years seven to nine of a 30 year
mortgage? ( Assumes all mortgage payments are made on time. )
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