Vehicle Loans
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Number of Payments |
Interest Rate |
Principal |
Monthly Payment |
Total Repayment |
Total Interest |
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Enter the first three fields, and the last three will be calculated for you. Three rows have been provided so you can compare different loans. The calculations are based on the first payment being 30 days from the loan closing date.
Number of Payments:
Enter the number of payments that will be made on this loan. For example, a 3-year loan repaid monthly would result in 36 payments.
Interest Rate:
Enter the Interest Rate on the loan.
Principal:
Enter the amount to be borrowed.
Monthly Payment:
This will show the amount of your monthly payment.
Total Repayment:
This will show the total that must be repaid on the loan.
Total Interest:
This will show the amount of interest that will be paid on the loan. |
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