## Auto loan calculator with interest breakdown,car ownership calculator vehicle,emi calculator sbi car loan 2014 table - How to DIY

A balloon loan or balloon mortgage payment is a payment in which you plan to pay off your auto or mortgage loan in a big chunk after a number of small regular monthly payments.
Calculate the monthly payments, total interest, and the amount of the balloon payment for a simple loan using this Excel spreadsheet template.
The spreadsheet includes an amortization and payment schedule suitable for car loans, business loans, and mortgage loans.
I originally created this spreadsheet to figure out a payment schedule for a car loan or auto loan. The latest versions of the balloon loan calculator (v1.3+) take into account the fact that the regular payment and the interest are rounded to the nearest cent. This spreadsheet can be useful as a mortgage calculator, particularly for calculating the balloon payment that is made when you sell your house after a number of years.
Amortization Calculator, by Bret Whissel, An excellent web-based calculator with amortization schedule.
Disclaimer: The spreadsheet and the info on this page is meant for educational purposes only. Some loan calculations can be very simple, and the purpose of the simple loan calculator spreadsheet below is to demonstrate this with Excel. This loan calculator uses the PMT, PV, RATE, and NPER formulas to calculate the Payment, Loan Amount, Annual Interest, or Term Length for a fixed-rate loan. Annual Interest Rate: This calculator assumes a fixed interest rate, and the interest is compounded each period.
Payment (Per Period): This is the amount that is paid each period, including both principal and interest (PI). Use this option when you know how much you need to borrow and want to find out how the interest rate or term affects your payment. Use this option when you know how much you can afford to pay each month and want to find out how large of a loan you might get.
For example, with a \$250 monthly payment, if you got a 5-year loan with a 6% interest rate, the loan amount is calculated to be \$12,931.39.

It isn't as common to solve for the interest rate because you may not have any control over what your interest rate can be (other than shopping around for the best one).
Amortization Schedule - Create a loan amortization schedule and make arbitrary extra payments. Disclaimer: This loan calculator and the information on this page is for illustrative and educational purposes only.
To determine what that balloon payment will be, you can download the free Excel template below which calculates the regular monthly payment and balloon payment for a loan period between 1 and 360 months (30 years). Unlike many of our other mortgage and loan calculators, our Simple Loan Calculator uses just the basic built-in financial formulas to calculate either the payment (using the PMT formula), the interest rate (using the RATE formula), the loan amount (using the PV formula), or the number of payments (using the NPER formula). Descriptions for each of the fields are provided below, as well as examples for how to use each of the options.
You can also enter your current balance, if you also adjust the Term of Loan to be the number of years left to pay off the loan.
Keep in mind that there may be other fees in addition to standard loan payment (principal+interest), such as insurance, taxes, etc.
The benefit of this approach is that if you run into hard times, you can stop making the extra payments. However, foreclosures continue to plague several states, including these -- which had the highest foreclosure rates during July. The average rate for a 60-month new-car loan also dropped, falling 7 basis points, to 6.88 percent. Mainly because I didn't have the cash in hand to pay for the car in one lump sum, but I knew that I would after 6 months (because after 10 years of being a student, I was finally going to have a job).

Unlawful copying and distribution will result in prosecution.We make no warranty or representation, either express or implied, with respect to this software and documentation, their quality, performance, merchantability, or fitness for a particular purpose. The downside is that if you don't have the discipline to make the extra payments, you'll end up paying more interest overall. So, to keep the monthly payments low at first, we set up a 3-year loan with the plan to pay the loan off completely after about 6 months.
While interest-only loans may look appealing due to the low monthly payment, you still have to pay off the loan eventually. If you entered your current balance in the Loan Amount, then for the Term enter the number of years you have left until your loan is paid off. The Volt will retail for \$41,000, but a federal tax credit of \$7,500 will lower the price to \$33,500.
Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused. We do not permit the inclusion of hyperlinks in comments and may remove any comment that includes a hyperlink. The much-hyped gas-electric vehicle will be able to run up to 40 miles using only battery power. To assuage consumer fears about the reliability of the car's batteries, General Motors also announced it would warranty the Volt's powertrain, including its batteries, for up to eight years or 100,000 miles.Not to be outdone, Nissan announced that its soon-to-be-released Leaf all-electric car would also carry an eight-year 100,000 mile warranty.

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