Category Archives: loan calculator interest only

Dad offering a loan for our down payment… what to do with it, or whether to even accept it?

My husband and I recently got pre-approved for a home loan, and the lender figured it with $0 down payment because we qualify for USDA/FHA (?) assistance (my husband knows the specifics). Anyway, my dad has offered to loan us $10,000 to put toward a down payment. It would be a huge help, but I’ve [...]

C++-compilation problem?

include <iostream> #include <iomanip> using namespace std; const int month = 12; void getInput(double&, double&, double&); double payLoan(double, double, double, double, double&); int main() { double balance, interestRate, monthlyPayment, monthlyInterest, totalInterest; cout << "** Welcome to the Consumer Loan Calculator **"; getInput(balance, interestRate, monthlyPayment); payLoan(balance, interestRate, monthlyPayment, monthlyInterest, totalInterest); cout << "** Don’t get overwhelmed [...]

Mortgage Refinance?

I have a 1.25% negative am loan that i need to get out of, i currently owe 673,000.00 for both my first and my second, my question is can i get a loan that is not a negative am loan and have my payments at 2,500.00 including my taxes? Even if i have to get [...]

understanding interest paid on car loan & what’s left on principal?

I hope someone can figure this out for me because I can’t ! I tried for hours, calculating and using all different online calculators. Never work ! Bought a truck and finance with a loan company $23 468.00 on 11-17-2009. Supposedly at 9.99% APR for 72 months with $436.43 monthly payments. 1rst payment12-30-2009$436.43Interest $295.46Principal $140.97 [...]

Get an Interest only mortgage with $1,000 closing costs or simply make extra payments?

I’m looking for a calculator tool that can help me compare the cash flow options associated with a 10 year interest only loan using the monthly savings to reduce principle vs. simply making additional principle payments on my current mortgage for that period. I’d like to be able to play "what if" with the tool. [...]