A loan calculator helps you understand the costs of a loan and how your payments may fit into your budget. It takes into account your desired loan amount, repayment term and potential interest rate.
Student Loan Calculator
If you’re considering borrowing to pay for college, or you already have student loans and want to see what your monthly payments might be, our student loan calculator is a great place to start. This tool uses your actual loan balance, payment amount, repayment term and interest rate to calculate your estimated monthly payment and years remaining to pay off the loan. The student loan calculator includes an amortization table that shows how your payments are allocated between interest costs and paying down principal. It’s important to remember that interest rates vary by federal and private lender, the year you borrowed, and your credit score. Check with your loan servicer or lender to get the correct numbers. 정부지원대출 are offered to individuals, businesses and communities. They include student loans, mortgages for home buyers, disaster relief loans and loans to support small business owners.
You’ll also need to enter your BOY (beginning of year) and EOY (end of year) loan balances. You can find this information by logging into your Federal Student Aid account or contacting your private lender. We recommend using the most accurate information possible when entering these fields, as even a difference of a half a percentage point can result in thousands of extra dollars paid in interest.
Mortgage Calculator
Mortgage calculators allow you to see the financial impact of a home loan and make it easier to understand how mortgage variables affect your monthly payment. These tools help you estimate your monthly payments based on the term of the loan, mortgage interest rate and the principal amount borrowed. When using a mortgage calculator, the most important variable is the interest rate. You should choose a realistic rate to get the most accurate results.
The tool also calculates your total monthly payment – the combination of repayment of what you borrowed (the principal) and the bank’s fee for lending you money (the mortgage interest). It also includes the estimated property taxes, homeowners insurance and HOA fees, if applicable. If you have questions, connect with a Guild loan professional for a personalized estimate. Our experts can help you navigate the home buying process with confidence. Our mortgage calculators are easy to use and provide a complete breakdown of your estimated monthly payments.
Car Loan Calculator
When shopping for a new or used car, use a loan calculator to estimate monthly payments, total interest and a loan amortization schedule. The auto loan calculator can also determine whether it is more cost effective to buy or lease a vehicle and help you calculate the costs of other expenses such as sales tax, documentation fees and registration.
Most auto loan calculators allow you to enter a loan amount, down payment and trade-in value in addition to calculating the loan term, interest rate and other related factors. Experiment with the different values to see how changing these variables affects your monthly payment and overall interest costs. Then, select a loan that meets your budget needs while allowing you to make the most of your credit score and credit history. Also, consider paying off your existing auto loan before taking out a new one to save money on interest charges. This can be done using an online car loan refinance calculator.
Loan Payment Calculator
대출이자계산기 can help you figure out the monthly payments of many different types of loans, including mortgages, car and personal loans. These calculators can help you determine the amount of interest paid each month, as well as an amortization schedule that shows how your payments are allocated between principal and interest. You can also use a calculator to see how the various factors in your life will impact your potential loan payment. For example, if you have a specific goal in mind that you want to achieve by a certain date, then you can select the calculate by payoff time tab and enter that timeline to see how your desired finish line will impact your required monthly payments.
The loan calculators are for estimation purposes only and are not intended to be used as financial, insurance or legal advice. OneMain’s loan rates are based on credit history, income and other factors, and may differ from the estimated rates displayed in this tool. All loans are subject to credit approval.
Final Word
The total paid for a loan includes both the original amount borrowed (called principal) and the interest that is charged on it. This calculation does not take into account additional fees that lenders may charge. Some federal student loans are subsidized, meaning that the government pays your interest while you’re in school and during any grace periods. This could skew your totals slightly.
