Is there an online calculator that will determine loan balance remaining after each random-amount payment?

Q) I am owner financing a real estate sale for 15 years at a fixed interest rate with a required minimum monthly payment of $1,400. The buyer wants to occasionally make larger monthly payments (of variable amounts) and pay it off sooner. Is there an online calculator that will determine balance remaining after each random-amount payment?

A) yes. but if you do ot know what exart you will be putting it is hard to find it out. but I do have one on my website. www.superdavemortgage.com

Can online loan calculators help with credit card loans?

A) yes! they help with interest rates and monthyl payments u can apply that to ur credit card total debt and interest rate. (debt to income ration)

Is there an online calculator to determine interest rate if you know loan amt, term and payment amount?

A) go to your browser and type in "mortgage calculator" I like these sites because it allows you to add extra money each month to see how quickly you could pay off your loan.. you DO need to know the interest rate though or at least have a pretty good idea of what it would be. Good luck and have fun... The only thing that determines your interest rate is your credit score and the prime rate. you cannot determine your interest rate on your own. that's why it would be in your best interest to get more than one loan offer.

Are the loan calculators available online accurate?

A) about as close as you can get to the real thing

I am SO lost with this college loan stuff! Help, please!?

Q) I'm planning to take out two loans that cover at least $13,595. One of them is the unsubsidized stafford loan, which will cover $3,500 and has a fixed interest of 6.80%. The other is the PLUS loan, which will cover $10,095 and has a fixed interest of 8.50%. I will be borrowing this amount of money for 4 years. I used online loan calculators, but I just want a general confirmation of the cumulative payments. Would anyone care to kindly give me detailed answers by fully working out the loan payments, etc.? I'm going to be paying them after I graduate and get a job. I could also be getting a job while I go to school, but that's not final yet.

A) Are you going to be paying these off throughout the 4 years, or after you graduate? If you pay them off while going to school, you're looking at a total payment of about $340/month.

Online calculator or excel spreadsheet(preferably) that will help me calc. the benefit of paying extra monthly

Q) I'm looking for a spreadsheet or online calculator that will allow you to plug in for example, 30yr fixed loan at x% interest and then allow me to also add $xxx.xx monthly towards my monthly bill to compare the differences monthly and how much i'd shorten the length of the loan. They key thing I'm looking for is the month to month break down of interest/principle. Thanks!

A) Excel has a spreadsheet for that. If you search excel for a loan amertization sheet that will break down any loan for your monthy. You might have to download the application but its fast. It's really helpul!

How come I get two different answers?

Q) I loaned out 14,000 at 14 percent for 3 months. I calculated that the interest charged is $1960.00 per month for the three months. But when I typed it into a loan calculator online I'm only suppose to get 576.18 cents. which of these is correct and can you show me why? It is only three months so I figure 14k(14%) Am I right?

A) Usually it goes like this: Interest = Principal * rate * time In this case: Principal = 14,000, rate = 14% per year, time = (3/12) year (If you are charging 14% per MONTH, that would be an interest rate of 168% per year!) Anyways, I get Interest = P*r*t = 14,000*(0.14)*(0.25) = $490

Trying to calculate on a car loan?

Q) Can someone tell me if there's an online calculator that will show me how much I'm saving by paying ahead on my car loan? I want to know how much money I will save and how fast it will be paid off. (fixed APR loan, no pre-payment penalty) Thanks for the links.

A) These are both good links: http://www.bankrate.com/brm/auto-loan-calculator.asp http://calculators.interest.com/content/calculators/monthly-payment.asp If it is a fixed payment, fixed rate with no prepayment penalty, the amortization and monthly payments are calculated like a mortgage, so just input your rate, amount borrowed and additional payments and it should give you a good idea of how much you will save. I believe if you have fixed payments, you reduce the amount of time it takes to pay off your loan. If they are variable payments based on the amount outstanding, then you actually reduce your future payments.

Can anyone help me calculate the interest on a car loan of $20,000 for 5 years at 7% ? Formulas ?

Q) I know there are alot of online calculators available, but I need to know how the interest works for car loans ? I am trying to calculate the interest myself without using an online calculator and my monthyly payments.

A) This may look kind of crazy but it's correct. Present Value = Cost [1-1/(1+rate)^time / rate] 20,000 = C [1-1/(1.0058)^60months / .0058 *that .0058 is .07/12 I don't have a calculator near me right now but if you multiply 1.0058 to the 60th power and sub that answer in and divide the C# by 20,000 you'll have the answer.

what is the difference between paying a credit card versus paying a loan?

Q) I was using your online calculators to see how long it would take to pay off my car and I't gave me two different answers one for credit card and the other for loan. What is the difference?

A) Paying off your credit card is different than your loan because the interest on the credit card is variable. The loan is better because it has a fixed interest rate, meaning you know exactly when you are going to pay it off, because you have the same monthly payment.