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Factoring in (subtracting) your down payment, enter the amount of money you want to borrow, the number of months you wish to borrow it for, and the interest rate (8% in most cases) and then click the "Determine Payment" button to see what your approximate monthly payment would be.

 

To use enter:

  1. Loan Amount (Do not enter commas or dollar signs.)
  2. Number of Months for Loan:
    (for example - 120=10 years, 72=6 years, 36=3 years, etc.)
  3. Interest Rate (e.g. 9.5 percent in most cases)
  4. then click the "Determine Payment" button


Loan Amount: $
Months:
Interest Rate: %
 


Monthly Payment Will Be: $

 

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