How Do I Calculate a Loan Payment by Hand?

Answer When you take out a loan, a formula is used to calculate the monthly payment that you will need to make to pay back the loan, with interest, by the time the term of the loan expires. To calculate t... Read More »

Top Q&A For: How Do I Calculate a Loan Payment by Hand

How to Calculate an FHA Loan Payment?

An FHA loan is a loan program sponsored by the Federal Housing Administration (FHA), designed to help low to moderate income families obtain financing to purchase a home. Because FHA loans generall... Read More »

How do I calculate car loan payment?

Use the following formula to calculate monthly payments on your car loan: (P (r / 12)) / (1 - (1+ r / 12) ^ -m) P is the principal, the amount of the car loan; r is the interest rate; and m is the ... Read More »

How to Calculate a Loan Payment?

If you know how to calculate a loan payment, you can figure out how much you can afford to borrow for large purchases such as a car or a house. Calculating loan payments ahead of time means that th... Read More »

How do I calculate a car loan payment rate?

Estimated CalculationCalculating an estimated car payment off hand, at the car lot requires just a bit of simple math. This will not give you an exact payment but will be within 10 percent or so de... Read More »