Finance Loan Payment Calculator

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Maturity (finance) - Maturity refers to the final payment date of a loan or other financial instrument, after which point no further interest or principal need be paid.

Amortization calculator - An amortization calculator is used to determine the periodic payment amount due on a loan (typically a mortgage), based on the amortization process.

Amortization schedule - An amortization schedule is a table detailing each periodic payment on a loan (typically a mortgage), as generated by an amortization calculator. Amortization schedules are calculated so that each periodic payment for the entirety of the loan is equal, making the repayment process somewhat simpler under amortization than with other models.

Interest-only loan - An interest-only loan is a loan in which for a set term the borrower pays only the interest on the capital; the capital remains owing. At the end of the term the borrower may renew the interest-only mortgage, repay the capital, or (with some lenders) convert ...

Suggested Web Sites

Personal Loan Calculator - Simple calculator for estimating monthly loan payments.

Wachovia Dealer Services - Provides independent auto finance for new and used cars. Online loan application, payment calculator, and vehicle pricing resources are available.

Math Connect - Provides calculations of various types including metric conversion, engineering calculations, and computing finance loan payments. Also, has list of general math formulas.

Source: BazSites.com

Web Links

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