Loan computations can also incorporate down payments or balloon payments, which represent a balance due at the end of the loan term. From these variables, Wolfram|Alpha can compute monthly payments, total interest charges and breakdowns of payments against the principal loan amount and interest over the life of the loan. The simplest loan calculation requires only a total loan amount, a loan period and the annual percentage rate of interest on the loan. Partial Fraction Decomposition CalculatorĬar loan basics Wolfram|Alpha can perform useful computations related to simple automobile loans.20% down payment on a $20k car loan at 2% interest for 72 months.

Personal Contract Purchase: Your monthly payments will cover the loss of value of the vehicle over the length of the contract. $19,000 car loan with a $3k balloon payment Hire Purchase: The calculator will work out your regular monthly payments for the entire term of the deal.With hire purchase once the final payment has been made, youll own the car outright.Your input can include complete details about loan amounts, down payments and other variables, or you can add, remove and modify values and parameters using a simple form interface. You can calculate payoff times and total interest payments generate plots and monthly payment tables showing balances over time and dynamically compute the effects of different down payments and interest rates.Įnter your queries using plain English. Wolfram|Alpha can quickly and easily calculate monthly payments and interest costs associated with auto loans of any length and amount. Assuming loan amount | Use sale amount and down payment instead Powerful and easy-to-use car loan computations

Car loan payment calculator