Loan calculators help you to plan repayment of your loan.
Here are several from which to choose.
Vertex42 provides high quality free Excel-based loan calculators to both individuals and industry professionals. They believe that a strong basic financial education is the key to living within your means, avoiding bad debt, and becoming financially secure. They hope that their loan calculators can help you make better decisions and save money.
For fixed-rate interest-only loans, with optional extra payments. IO period is specified as a number of years after which the loan amortizes over the remaining years.
A “Simple Interest Loan” or “Simple Interest Mortgage” is a special type of loan in which the interest accrues daily in a separate interest accrual account.
These wonderful calculators are supplied by Dr Jon Wittwer of vertex42.com
Loan Calculators
Posted by Hank in Budgeting & Frugal Finance
Loan calculators help you to plan repayment of your loan.
Here are several from which to choose.
Vertex42 provides high quality free Excel-based loan calculators to both individuals and industry professionals. They believe that a strong basic financial education is the key to living within your means, avoiding bad debt, and becoming financially secure. They hope that their loan calculators can help you make better decisions and save money.
Car Loan Calculator
Understand what you are getting into before you buy!
Figure out how much you’ll need to finance and what type of loan will work best for you.
Home Equity Loan Calculator
The ultimate “second-mortgage” calculator. Hopefully, you’ll never need to use it!
(a) How much can I borrow? (b) What will my monthly payment be? (c) How much equity will I have in N years?
Balloon Loan Calculator
Calculates the payment required to pay off an auto or mortgage loan in one big chunk after a number of regular payments have been made.
Interest-Only Loan Calculator
For fixed-rate interest-only loans, with optional extra payments. IO period is specified as a number of years after which the loan amortizes over the remaining years.
Simple Interest Loan Calculator
A “Simple Interest Loan” or “Simple Interest Mortgage” is a special type of loan in which the interest accrues daily in a separate interest accrual account.
These wonderful calculators are supplied by Dr Jon Wittwer of vertex42.com