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How To Figure A Loan Payment Schedule

Written By: admin - Feb• 12•13

How To Figure A Loan Payment Schedule Really Depends On What Type Of Loan You Have

How to figure a loan payment schedule 239x300 How To Figure A Loan Payment Schedule

Wondering how to figure a loan payment schedule for your loan? The answer lies in what type of loan that you have, since they are calculated a bit differently sometimes.

To be straight forward with you, the absolute easiest way to go about this is to simply ask your lender to print out your payment schedule for you. You can also ask them about how the interest is calculated for each loan if you have any questions.

Short of going into great detail about each and every type of loan there is available today, let me just say that there are many ways you can find the information you need. A lot of it can be found on this website, as I’ve already covered many different types of financial instruments. Your unique situation is not easily answered. This is because of several factors that are needed first before arriving at an answer. These are:

  • What type of loan is it? For example: mortgage, auto, line of credit, etc.
  • What is the interest rate?
  • How is the interest rate calculated? (This can be partially known by knowing the type)
  • What was the down payment? Or was there any down payment?

All of these factors will help you arrive at getting your question answered. Once you know all the variables, there are plenty of calculators you can use to help you. In fact, most of them are on this site.

 

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