Monthly Payment is the estimated amount of money you will need to pay each month to pay off the loan.If you want to borrow $7,500 you would enter 7500 in the Principal blank Principal is the amount of money you want to borrow.For example, if the approximate term of the loan is 4 years or 48 months, you would enter 48 in the # of Payments blank # of Payments is the number of monthly payments you will make to pay off the loan.If the loan rate is 6.5% you would type 6.5 into the Interest Rate blank

Interest Rate is the APR from the loan rate chart.

When entering information into the calculator, please use the following guidelines: You can compare information on up to three different Loan Options at one time. Entering Information into the Loan Calculator NOTE: Javascript is required to use the loan calculator. If there are no blank fields, the Monthly Payment will be calculated. To calculate any of these items, simply leave that field blank and press Compute.

Amount of money you need to borrow (the principal).

This calculator is commonly used to estimate your monthly payment, by filling in the following information and click 'compute':

Loan payoff date calculator