Monthly loan calculators are available on websites including BankRate.com, Calculator.net and USAA.com, as of 2015, according to BankRate, Calculator.net and United Services Automobile Association. The BankRate and Calculator.net calculators function for any type of fixed-rate loan, including vehicle and mortgage loans. USAA.com offers an auto loan calculator.
Continue ReadingWhen a consumer enters the amount, term and interest rate for a loan, the calculator determines the payment per month, according to BankRate.com. The BankRate.com calculator offers an amortization schedule and options for adding extra payments. Options include a one-time payment for a specific month and year, an additional annually recurring payment, and payments added to the original monthly payment. Calculator.net offers specialized calculators, including a lease calculator, states Calculator.net.
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