How can you figure the monthly payment schedule for a loan?

Answer by  lwat80 (300)

Well you can go to any search engine and type in the amount of the loan and interest and it will generate many websites that will give you a payment schedule. Also any financial institution should be able to give you this information before you get the loan.

Answer by  jlynnp (12)

When trying to figure the monthly payment schedule for a loan, you will multiply the loan amount by the interest rate to get the total that you will be paying back in interest and you will add that to the total loan amount, and then divide the total by the amount of months you will be paying on the loan.

Answer by  ROBERTADOWLING (5)

you have to find a calculator online put the interest rate for your loan and put it in the calculator and it should be able to tell you the result. It could be really difficut otherwise to figure out yourself. Moreover you have to know if your repayment require a fix or a variable rate repayment because it's different

Answer by  heatherbooboo (655)

There are many programs out that are a payment calculator and will help you figure out your monthly cost. Most sites have them available there for you .

Answer by  barkley (951)

If you have the amount of the loan, the interest rate, and the term for repayment, go to a loan calculator online to calculate monthly payments. If you are obtaining a mortgage you will need to go to a mortgage payment calculator.

Answer by  diva25 (4016)

The best way to do that is to figure out how much you have left on the loan, and decide when you want to have the loan paid off.