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Q&A: Is there an online calculator that will determine loan balance remaining after each random-amount payment?

Question by Louisiana Man: Is there an online calculator that will determine loan balance remaining after each random-amount payment?
I am owner financing a real estate sale for 15 years at a fixed interest rate with a required minimum monthly payment of $ 1,400. The buyer wants to occasionally make larger monthly payments (of variable amounts) and pay it off sooner. Is there an online calculator that will determine balance remaining after each random-amount payment?

Best answer:

Answer by s_uperdave
yes. but if you do ot know what exart you will be putting it is hard to find it out. but I do have one on my website. www.superdavemortgage.com

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monthly payment loan calculator – looking for monthly payment loan calculator?

Question by Herry: monthly payment loan calculator – looking for monthly payment loan calculator?
Where can i get monthly payment loan calculator?

Best answer:

Answer by jimmymae2000
Monthly Payment Formula example

6.5%
30 year
$ 200,000

payment = ((interest per month) X (principal)) / 1 – (1+I)^-N

= (.00541666 ) x (200000) / 1- (1+.0054166)^-360

= 1083.32 / 1 – .1430247

= 1083.32/.85847463 = $ 1264.12

What do you think? Answer below!

Do Companies that give bad credit personal loans allowed to ask for a couple months payment up front?

Question by thinline: Do Companies that give bad credit personal loans allowed to ask for a couple months payment up front?
I applied for a bad credit perosnal loan online. A company called Birchmount Lending called stating i was approved for 5000.00, with monthyl payments of 224.54 for 2 years. But since my credit wasnt the best i would have to give them 4 payments upfront. Tell me what you think

Best answer:

Answer by ?
I think you need to tell them you’re not interested. Your interest rate will be so high. Legitimate loan companies don’t ask for money up front.

Know better? Leave your own answer in the comments!