Use this calculator to calculate loan details when the down payment is expressed as an amount.
Unlike a general loan calculator, this calculator allows for two unknown values. In addition to solving for the monthly payment amount, it will also calculate the “Car Price”, the “Down Payment Amount” or the “Loan Amount”. Just enter a “0” (zero) for one of the three values and provide the other two.
Note that the calculator calculates what percentage the down payment is of the price of the car. This is handy when a lender requires a borrower to provide a minimum percentage cash deposit.
The term (duration) of the loan is expressed as a number of months.
If you need the ability to print the amortization schedule, or more flexibility such as selecting different payment or compounding frequencies or the ability to calculate term or interest rate, please see the auto loan calculator here: https://financial-calculators.com/auto-loan-calculator
All calculators will remember your choice. You may also change it at any time.
Clicking “Save changes” will cause the calculator to reload. Your edits will be lost.
Using the calculator is straight forward. User enters a “loan amount”, “number of months”, “annual interest rate”. The calculator calculates the number of monthly payments.
The “Payment Method” determines when the first payment is due. With the default selection, “End-of-Period”, the first payment will be due one month after the loan is made. If “Start-of-Period” is selected, then the first payment will be due on the loan date.
The term (duration) of the loan is expressed as a number of months.
Need more options including the ability to solve for other unknowns, change payment / compounding frequency and the ability to print an amortization schedule? Please visit, https://financial-calculators.com/loan-calculator
All calculators will remember your choice. You may also change it at any time.
Clicking “Save changes” will cause the calculator to reload. Your edits will be lost.
NMLS #430147
Routing #292977420
Hamilton Branch
501 N 1st Street Hamilton
PO Box 598
Hamilton, MT 59840
Florence Branch
5525 US HWY 93 N
PO Box 937
Florence, MT 59833
Your membership is federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.
Use this calculator to calculate loan details when the down payment is expressed as an amount.
Unlike a general loan calculator, this calculator allows for two unknown values. In addition to solving for the monthly payment amount, it will also calculate the “Car Price”, the “Down Payment Amount” or the “Loan Amount”. Just enter a “0” (zero) for one of the three values and provide the other two.
Note that the calculator calculates what percentage the down payment is of the price of the car. This is handy when a lender requires a borrower to provide a minimum percentage cash deposit.
The term (duration) of the loan is expressed as a number of months.
If you need the ability to print the amortization schedule, or more flexibility such as selecting different payment or compounding frequencies or the ability to calculate term or interest rate, please see the auto loan calculator here: https://financial-calculators.com/auto-loan-calculator
All calculators will remember your choice. You may also change it at any time.
Clicking “Save changes” will cause the calculator to reload. Your edits will be lost.
Using the calculator is straight forward. User enters a “loan amount”, “number of months”, “annual interest rate”. The calculator calculates the number of monthly payments.
The “Payment Method” determines when the first payment is due. With the default selection, “End-of-Period”, the first payment will be due one month after the loan is made. If “Start-of-Period” is selected, then the first payment will be due on the loan date.
The term (duration) of the loan is expressed as a number of months.
Need more options including the ability to solve for other unknowns, change payment / compounding frequency and the ability to print an amortization schedule? Please visit, https://financial-calculators.com/loan-calculator
All calculators will remember your choice. You may also change it at any time.
Clicking “Save changes” will cause the calculator to reload. Your edits will be lost.