Loan Calculator

INSTRUCTIONS

Payment:

Enter a value in Loan Amount, Term in Months and Interest Rate, and 0 in Balloon Payment. Click on the Monthly Payment button.

Maximum Loan Amount You Can Borrow:

Enter 0 in Balloon Payment, a value in Term in Months, Interest Rate and Monthly Payment afforded. Click on the Loan Amount button.

Using a Balloon Payment to Increase the Loan Amount:

Enter value in Balloon Payment, Number of Payments, Interest Rate and Monthly Repayment. Click on the Loan Amount button.

Using a Balloon Payment to Reduce Your Monthly Payment:

Enter value in Loan Amount, Number of Months, Interest Rate, and Repayment Amount. Click on Balloon Payment button.