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a Principal and Interest loan with the rate and remaining term you have input. the rate does not change for that remaining term. there are no ongoing fees payable. repayments are payable, and interest is charged, monthly and on the same day. To calculate monthly interest, we calculate your annual interest charge and divide it by 12. Monthly payment for this loan. Number of months for this loan. Total amount of your loan. Annual interest rate for this loan. Interest is calculated monthly on the current outstanding balance of your loan at 1/12 of the annual rate. Loan Breakdown Calculator This calculator will help you to determine the principal and interest breakdown on any given payment number. Enter the loan's original terms (principal, interest rate, number of payments, and monthly payment amount) and click on the "Calculate" button. Calculate the maximum loan you can get based on how much you want to pay on your auto loan each month. Simply enter your desired monthly payment, trade-in equity, interest rate, and term of loan in months. The calculator will let you know the maximum loan amount you can finance. Our loan calculator tool allows you to calculate your monthly aircraft loan payments using various loan terms, interest rates, down payments and loan amounts. It includes advanced features like Monthly Payments by Term tables and the ability to view Principal and Interest amounts. This is for estimation purposes only. * Have the user enter the cost of the loan, the interest rate, and the number of years for the loan * Calculate the monthly payments with the following formula * * M = L[i(1+i)n] / [(1+i)n-1] * M = Monthly Payment * L = Loan Amount * I = Interest Rate (for an interest rate of 5%, i = 0.05 * N = Number of Payments – BeerHuntor Apr 22 '15 at 17:37