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Updated almost 17 years ago on . Most recent reply

Eric Davis's profile image
Eric Davis's profile image
Eric Davis
  • Member since Apr 9, 2008
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24
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Eric Davis's profile image
Eric Davis's profile image
Eric Davis
  • Member since Apr 9, 2008
Connect
Eric Davis
1
Votes |
24
Posts
Starting Out

Calculating Monthly Payment

Eric Davis
Posted

I know there are tons and tons of internet calculators you could use to calculate the monthly payment of a loan but I'm looking for the actual formula that is used. Could someone please find this for me or at least explain a good rule of thumb.

I would just like to be able to quickly calculate what the monthly payment would be if I know the asking price. Thanks guys!

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