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2. How to calculate loan payments and costs - AOL

   www.aol.com/finance/calculate-loan-payments...

   Starting loan balance. Monthly payment. Paid toward principal. Paid toward interest. New loan balance. Month 1. $20,000. $387. $287. $100. $19,713. Month 2. $19,713. $387

3. How to calculate interest on a car loan - AOL

   www.aol.com/finance/calculate-interest-car-loan...

   As long as you know the principal, loan term and interest rate, you should be able to estimate your monthly payment — and the total interest you will pay. Use an auto loan calculator.

4. How to calculate interest on a loan: Tools to make it easy

   www.aol.com/finance/calculate-interest-loan...

   So if you qualify for a five-year auto loan, your loan term is 60 months. Mortgages commonly have 15- or 30-year loan terms. The months it takes to repay the money you borrow can significantly ...

5. How Much Car Can You Afford? - AOL

   www.aol.com/much-car-afford-134000667.html

   Based on the 10-15% calculation, you should spend no more than $562.50 on a monthly car payment. On the lower end, your car payment would be $375. What are the top auto loan companies?

6. Amortization calculator - Wikipedia

   en.wikipedia.org/wiki/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.. The amortization repayment model factors varying amounts of both interest and principal into every installment, though the total amount of each payment is the same.

7. I’m a Financial Planner: Don’t Spend More Than 15% of Your ...

   www.aol.com/m-financial-planning-expert-most...

   You can use a calculator to estimate your auto payment before you buy. Say, for example, your gross annual income is $70,000. ... With the 15% rule, you can spend $875 on your monthly car payment ...