loan calculators?

iVillage Member
Registered: 03-28-2008
loan calculators?
12
Sat, 02-21-2009 - 10:27am

Can someone direct me to a loan calculator?

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iVillage Member
Registered: 12-29-2008
Sat, 02-21-2009 - 10:50am

Hi Jax,


You failed to mention the duration of the loans.

iVillage Member
Registered: 11-17-2007
Sat, 02-21-2009 - 10:55am

give me the years and I will do it for you.


Mary ann


iVillage Member
Registered: 03-28-2008
Sat, 02-21-2009 - 11:01am

Loan number 1 has 47 months left on it, loan 2 & 3 have 48 months left on them.


Thank you!


Jax

iVillage Member
Registered: 03-28-2008
Sat, 02-21-2009 - 11:03am

Thank you!

iVillage Member
Registered: 11-17-2007
Sat, 02-21-2009 - 11:16am

I am not doing anything so I put your numbers in Quicken and this is what I came out with guessing on 5 years.


Loan 1 I put in 12867.83 at 7.7 for 5 years and it came up with 259.07 So that is a little less then you are paying now and the first months interest came up as 82.57


Loan 1 I put in 12867.83 at 5.6 for 5 years and it came up with 246.38 First months interest came up at 60.05


Loan 2 I put in 16,523.06 at 5.5 for 5 years and it came up with 315.00 First months interest came up at 75.73


Loan 3 put in 12614.26 at 5.5 for 5 years and it came up with 240.00 First months interest came up at 57.82


Interest goes down about a 1.00 or 2 on all the loans each month but that is with the payments staying the same for the 5 years.


Hope this helps.


Now of course if these are credit cards that is a totally different story.


Let me know my email is kimbler@bellsouth.net and I will run them again on Quicken for you.


Mary Ann


iVillage Member
Registered: 11-17-2007
Sat, 02-21-2009 - 11:32am

this is what Quicken said ok


I put them all in for 4 years.


Loan 1 299.85 First months interest is 60.05


Loan 2 384.27 First months interest is 75.73


Loan 3 293.36 First months interest is 57,82


I am sorry it didn't come out different for you but that is what Quicken is saying.

iVillage Member
Registered: 03-28-2008
Sat, 02-21-2009 - 11:43am

That's what is confusing to me!

iVillage Member
Registered: 12-29-2008
Sat, 02-21-2009 - 1:29pm

Hi Jax,


The problem you have is with the ORIGINATION date of this loan.

iVillage Member
Registered: 12-29-2008
Sat, 02-21-2009 - 2:09pm

Hi Again Jax,


I wanted to make sure I was clear in my last post.

iVillage Member
Registered: 03-17-2003
Sat, 02-21-2009 - 2:53pm

Just wanted to piggy back with the type of loan.

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