by: larry fratkin • 1
This calculator is perfect for home mortgages, auto financing, and other amortized loans. It calculates price, principal, down payment and payments among other things. LoanCalc is great for exploring what-if scenarios.
All items are displayed at the same time and you can change any number of them before touching the calculate button. The calculator determines what to calculate by the items that were changed.
LoanCalc allows you to enter the information that you know and then it calculates the other items. For instance, if you know the payments and interest rate it will calculate how much money you can borrow or price and percent down can be entered to calculate the down payment and monthly payments.
Tags: larry fratkin oregon