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Use this calculator to calculate the monthly payment of a loan. It can be used for a car loan, mortgage, student debt, boat, motorcycle, credit cards, etc. Loan Amount: Amount of loan taken. Interest Rate: Interest rate of the loan. This is a fixed rate loan. Length of Loan: Time period of loan, in years. What are the monthly payments of the loan? How much goes towards the principal and to interest? Use the loan schedule below.
350k loan. Add taxes, insurance, and maintenance costs to estimate overall home ownership costs. Pay a higher downpayment or refinance to lower monthly payments. Don't be afraid to ask your lender for better rates. |