Webfoot's Loan Payment Calculator (obsolete)


NOTE! You might want to go to Nolo Press'calculators page instead. They have more calculators and presumably, being a commercial site, are more interested in answering mail.

This is a relatively stupid calculator for figuring out loan payments. I wrote it for use with my car lots, but if you are only slightly clever, you should be able to use it for any standard loans that are compounded monthly.

NOTE! I got this equation from my calculator manual, and it is slightly optimistic! I haven't had a chance to fix it, be advised that your numbers will be slightly low.


Price of car: $
Down payment: $
Annual interest rate: %
Loan period: years


Ducky

The formula is available. This is a volunteer site. I regret that I don't have time to help you further.

Also try using the PMT function in Microsoft Excel or any other major spreadsheet application.