This calculator estimates your monthly loan payment. To use it:
• In "Loan Amount," enter the total price of the loan in dollars.
• In "Interest Rate" enter the interest rate of the loan.
• In "Loan Terms" enter the term in years of your loan.
Then press "Calculate" and look for the estimated monthly payment you need to make to repay the loan. Please note that the payment calculation is principal and interest only it does not include taxes or insurance.
"Calculations are estimates only and are not guaranteed to be accurate."