Government Loan Grants

While looking at the internet i saw the word loan calculator .what it is? what is it use for?

Is there a standard and known method of how to calculate mortgage ?

I have the following text boxes on my C# windows application:

amountOfLoan
APR
durationOfLoanInYears

and a label called monthlyPayment.

When you click the calculate button, the monthly payment should be displayed in the monthlyPayment label.

Can someone help me with the code that needs to go behind the Calculate button?

IN CASE IT HELPS, THE FOLLOWING FORMULA IS USED TO COMPUTE THE MONTHLY PAYMENT:

payment = (Principle x Rate) / (1 – (1+Rate)) ^ -numberOfMonths

“Payment is equal to principle times rate divided by 1 minus (1 plus rate) to the negative numberOfMonths power”

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I just don’t know how to express this in C#….

Does anyone know of a website or calculator where i can punch in how much my loan money I owe, fixed interest rate and how much I plan on paying per month to see how quickly I can pay it off? Thanks

My parents are considering refinancing to a fixed rate mortgate. I need software that can take in the following info: quoted rate, initial fees including mortgate points, loan amount, loan period, tax deductions on mortgate interest. The software needs to output the following. Total payments minus tax break plotted against time.
If there is no such software, a webpage with step by step instructions to do the calculation would be helpful.

Someone owes me money and has been paying irregularly. They are now 2 years in arrears, but I can’t find a calculator that will provide me with their payoff amount correctly. I either calculate too high or too low. Any ideas?

Ex: A car’s price 10,000; 5%APR within 36, 48 and 60 months. We pay monthly: $300*36 = 10,800; $230*48 = 11,040; $189*60= 11,340
We pay 800, 1040, or 1340 or the interest . How does the borrower calculate monthly payment for us base on the APR and the time length ?

The bank is financing my wife for 9606.00 at an interest rate of 7.5%. The Term is for 5 yrs (60 months) What should the monthly payments be?

I used to be able to do this, but I think I’m missing something.

Here is how I did my math:

I took $9606.00 and multiplied it times 7.5% and came up with $720.45. Then I added that $720.45 to the $9606.00 and came up with a total of $10,326.45. I then divided the $10,326.45 by 60 (months) and came up with a total of $172.10. Meaning that $172.10 would be my monthly payment.

I went to bankrate.com and used their auto loan calculator and they came up with $192.48

The bank came up with $205.00 (I think they added credit, life, and disability)

So what the HECK am I missing……Please help!