Loan Calculator

Gunakan sebagai panduan ketika mempertimbangkan pembelian membutuhkan pinjaman.

This program will calculate the estimated payment for a loan when given the purchase price, the down payment, the Annual interest rate and the duration of the loan.

Duration may be specified in Years, Months or Weeks (default is years). The payment frequency may also specified as Monthly, Weekly or Annually (default is Monthly).

This program uses a standard formula for calculating the payment and is usually going to give you the same payment as a financial institution. HOWEVER! There are factors that could cause the calculated payment to differ from the payment quoted in your financing documents. Among these are:

1. The start date of your first payment may not be on an exact multiple of the payment period.

Your financial institution will usually include interest for additional days.

2. Your loan's terms may specify interest compounded daily rather than simple interest.

3. Your financial institution may use a 30/360 calendar for computing loan interest.

4. Late charges and other service fees may be included in your loan.

5. Your loan payment may include insurance, taxes or other components that are in addition to the

principal and interest costs of the loan (common with mortgages).

6. Other factors covered in your specific loan agreement.

Use this or similar programs as a guide, but ALWAYS read your loan contracts and verify payment terms with your lender.