What
this estimator can do for you:
With this calculator you can get an idea of how much interest you will
pay for a loan.
Principal : This is the total amount of the loan before interest.
Years: Number of years you will make payments.
Disclaimer Statement: This estimator is not guaranteed to be
completely accurate due to rounding and other costs that may be associated
with a loan, but it will give you fairly reliable numbers. The fees charged
may affect rates or require additional fees.
How to use the form
:
Required Information : Enter the PRINCIPAL of the loan the interest
RATE, and number of YEARS you will make payments. The form calculates
all other values when the cursor position is moved to another field.
Entering Values:
To avoid error messages or misleading results DO NOT include ","
"%" or "$" characters. After entering a new value,
use the TAB key to move the cursor to the next field, or click on the
UPDATE button. This will tell the calculator that you are ready to recalculate
all values for the report. When you change a value, the calculator will
perform the calculations and return to the text box containing the new
value. You may enter another new value or TAB to the next field.
