Bankrate.com offers different types of loan calculators, including a common loan calculator for computing auto, mortgage and fixed loans. There are also special auto loan and mortgage calculators available.Continue Reading
The auto loan calculator helps in calculating monthly payments for a used or brand new auto car loan, while the mortgage calculator is used for home loans. The calculators are all set, and the user only needs to input the loan amount, term and interest rate. After computing, the loan calculator shows the complete amortization schedule.
Bankrate.com’s loan calculator can also calculate the effect of making additional monthly payments. As an extra service, they also show the current interest rates in the market too.Learn more about Personal Loans