Will an interest only loan calculator help me determine my monthly payments?

Will an interest only loan calculator help me determine my monthly payments?
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1 Answer

Answer :

An interest only loan calculator will not help you to determine your overall monthly payments. This will only calculate your total interest payment. To know the total cost of your loan use a loan calculator.
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Related questions

In general, how are monthly car loan payments figured out?

Description : In general, how are monthly car loan payments figured out?

Last Answer : Monthly car loan paymnts are calculated by adding the interest to the balance and diviing it into equal payments for a set time frame. You can find a car loan calcultor at www.Edmunds.com.

How do I find a calculator for car loan payments?

Description : How do I find a calculator for car loan payments?

Last Answer : If your looking for an auto loan calculator, Bankrate is a great place to start. They provide car loan and auto loan calculators to help with your buying decision. http://www.bankrate.com/calculators/auto/auto-loan-calculator.aspx

Is it right for an auto financing company to charge interest on a monthly basis without adjusting interest charges for bi-monthly payments?

Description : Is it right for an auto financing company to charge interest on a monthly basis without adjusting interest charges for bi-monthly payments?

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Where can I find a reputable car financer with low interest rates and low monthly payments?

Description : Where can I find a reputable car financer with low interest rates and low monthly payments?

Last Answer : Capitol One has a great auto financing program. Their website is http://www.capitalone.com/auto-financing/ . Another place you could check is https://www.chase.com/auto-loan/car-loan.htm .

How to calculate compound interest using a monthly investment calculator?

Description : How to calculate compound interest using a monthly investment calculator?

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Last Answer : e) All the above

Is a simple interest loan calculator simple?

Description : Is a simple interest loan calculator simple?

Last Answer : Yes, usually these calculators just allow you to put in the principal amount of the loan, number of months the loan is over, and the interest rate and it helps you figure out your problems.

Where can I find a good simple interest loan calculator?

Description : Where can I find a good simple interest loan calculator?

Last Answer : Almost certainly there is one available on you bank's web site as most banks offer this service these days. If the one your bank provides seems too complex for you, try the calculators provided by other banks to see which one you like best.

Suppose I borrow money from X and I authorize my bank to make monthly payments directly from my checking account. Now, I want more flexibility by paying either online or by check. X refuses to let me do this. But my bank refuses to "stop payment" on these tranfers even though its my money and it has no obligation to X. What's the law on this?

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Last Answer : answer:Hmm, I suppose you're from USA. Don't know the laws there, but here in Slovenia, we handle things like this by calling and yelling at the lady on the other side and things get fixed eventually. But ... what you can't do with you money. I'd threaten them I'm gonna change the bank or smthng.

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Typical down payment and monthly payments on a used truck?

Description : Typical down payment and monthly payments on a used truck?

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How much down and what are your monthly payments ?

Description : How much down and what are your monthly payments ?

Last Answer : How much down and what are your monthly payments

i have 400,000 in lump sum retirement, how much can i expect in monthly payments. I and my wife are 67?

Description : i have 400,000 in lump sum retirement, how much can i expect in monthly payments. I and my wife are 67?

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We own deeded timeshare property in Florida and South Carolina with Wyndham. We can no longer afford to pay the monthly payments. What options do we have so we do not lose any more of the money already invested into the property?

Description : We own deeded timeshare property in Florida and South Carolina with Wyndham. We can no longer afford to pay the monthly payments. What options do we have so we do not lose any more of the money already invested into the property?

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How do I calculate my monthly car payments for it?

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How to Use a Mortgage Calculator to Estimate Your Monthly Payment?

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where does one find a monthly payment calculator?

Description : where does one find a monthly payment calculator?

Last Answer : Monthly payment calculators are useful to use to find out how much you need to repay each month on your loan. You can learn more about these from the website of any major bank or mortgage broker.

Is there a monthly budget calculator online?

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Last Answer : There are great free monthly budget calculators online where you can figure out your monthly budget expenses. Simply go to any bank's official website, and on their page, you will find a free to use monthly budget calculator.

Where can I find a monthly payment calculator for a mortgage?

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Last Answer : Mortgage payment calculators are available on the web. Calculating the period of the mortgage in years against interest it will describe the term and total of repayments. It will also calculate overpayments

Can I use a monthly payment calculator to find out how long it will take to pay off my mortgage?

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How can a loan refinance calculator help me refinance my loans?

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Description : Loan & Credit Line Payments?

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How do I calculate my monthly income when applying for a car loan?

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Where could I find an interest only calculator for savings?

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Amortizing Loan Calculator?

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Last Answer : Amortizing Loan CalculatorEnter your desired payment - and let us calculate your loanamount. Or, enter in the loan amount and we will calculate yourmonthly payment. You can then examine your ... payments made, and total interest paid. Pressthe report button to see a monthly payment schedule.

FHA Mortgage Loan Calculator?

Description : FHA Mortgage Loan Calculator?

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Mortgage Loan Calculator?

Description : Mortgage Loan Calculator?

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Loan Comparison Calculator?

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Balloon Loan Calculator?

Description : Balloon Loan Calculator?

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Auto Loan Calculator?

Description : Auto Loan Calculator?

Last Answer : Auto Loan CalculatorUse this calculator to help you determine your monthly auto loanpayment or your auto purchase price. After you have entered yourcurrent information, use the graph options to see ... . Youcan also examine your complete amortization schedule by clicking onthe "View Report" button.

Bi-weekly Auto Loan Calculator?

Description : Bi-weekly Auto Loan Calculator?

Last Answer : Bi-weekly Auto Loan CalculatorThis calculator shows you possible savings by using anaccelerated bi-weekly auto loan payment. Bi-weekly paymentsaccelerate your auto loan payoff by paying 1/2 of your ... thousands of dollars in interest. Click on the "ViewReport" button to see your savings!

Where online can I find a loan payoff calculator?

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Where can I find information about calculator for car loan?

Description : Where can I find information about calculator for car loan?

Last Answer : If you are looking to get a loan for a car but are unsure about how much it will end up costing you, you can use a calculating tool available at www.cars.com under their "Advice" section. A general loan calculator is also available at www.onlineloancalculator.org.

What is the meaning of auto loan calculator.?

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Last Answer : An auto loan calculator shows how much you're REALLY paying for a car after the loan term and interest rate are factored in. It can also calculate how long it will take to pay off your loan based on how much you are paying each month.

Is a student loan calculator accurate?

Description : Is a student loan calculator accurate?

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FHA Loan Calculator and Loan Options?

Description : FHA Loan Calculator and Loan Options?

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Credit card interest computation on minimum payments?

Description : Credit card interest computation on minimum payments?

Last Answer : Without knowing which card you’re referring to I’m guessing they use the 30/360 method. Find the APR and multiply that by the principal balance. Divide that number by 360 to come up with the daily interest charge, or the per diem. Multiply that by 30 to come up with the monthly interest charge.

What company has low interest on credit card payments?

Description : What company has low interest on credit card payments?

Last Answer : Most major credit card's annual percentage rate are about the same. I would stick with either Visa or MasterCard. I would also advice that you stay away from store cards as their interest rates tend to be higher.

Which of the following is the biggest head of non-plan expenditure of Government of India? (1) Interest payments (2) Subsidies (3) Defence (4) Salaries and Wages

Description : Which of the following is the biggest head of non-plan expenditure of Government of India? (1) Interest payments (2) Subsidies (3) Defence (4) Salaries and Wages

Last Answer : (1) Interest payments Explanation: The central government expenditure itself is divided into two parts -plan expenditure and non-plan expenditure. Non Plan Expenditure is money that's spent on ... etc. Interest Payments and Debt Servicing comprise more than 30 per cent of this expenditure.

Interest on public debt is a part of : (1) transfer payments by the enterprises (2) transfer payments by the Govt. (3) national income (4) interest payments by households

Description : Interest on public debt is a part of : (1) transfer payments by the enterprises (2) transfer payments by the Govt. (3) national income (4) interest payments by households

Last Answer : (2) transfer payments by the Govt. Explanation: In economics, a transfer payment (or government transfer or simply transfer) is a redistribution of income in the market system. These ... interest on public debt, social security, and government making subsidies for certain businesses (firms).

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Description : Which one of the following is not included in current revenue of the Union Government? (1) Tax revenue (2) Non-tax revenue (3) Loans (4) interest payments

Last Answer : (3) Loans Explanation: Loans are not included in the current revenue of the Union Government.

Interest on public, debt is part of - (1) Transfer payments by the enterprises (2) Transfer payments by the government. (3) National income (4) Interest payments by households

Description : Interest on public, debt is part of - (1) Transfer payments by the enterprises (2) Transfer payments by the government. (3) National income (4) Interest payments by households

Last Answer : (2) Transfer payments by the government. Explanation: In economics, a transfer payment (or government transfer or simply transfer) is a redistribution of income in the market system. These payments ... central government. In the budget, it is listed among the transfer payments by the government.