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Notes:

This version of the simple loan calculator allows for playing with the down payment amount and calculates both the monthly payment amount and the total interest.

Question:

How much will my loan payment and total interest be?

Simple Loan Calculator V5 Expanded

This calculator will compute a loan's monthly payment amount and the total interest based on the purchase price, down payment amount, interest rate and number of monthly payments.

Purchase price:

Down payment amount:

Interest rate (%):

Number of monthly payments:
Example Chart below...

Amount financed:

Monthly payment:

Total interest:

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