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Payment Calculator                                                                                                                                                       Payment Calculator

Work Sheet

CALCULATING YOUR VEHICLE'S LOAN PAYMENT

Payment Calculator

(Copy, Paste and Print for Reference)

In the "link" provided below, Input the Vehicle Price as:

    1) The Maximum Loan-To-Value (LTV) Amount.

        $                    (Retrieve from LTV Work Sheet and Record Here for Easy Reference.)
- OR -
    2) The Total Amount You Need to Borrow. (Including: Tax, Title, Licensing and Documentation Fees)

        $                    (Retrieve from Total Purchase Price Work Sheet and Record Here for Easy Reference.)

Use the following Interest Rate(s) in your Calculation:     (NOTE: Individual Interest Rates Will Vary.)

    a) Good Credit Quality/Lenders
            New Vehicles = 7.50%
            Used Vehicles = 10.00%

    b) Less than Perfect to Bad & No Credit Quality/Lenders
            New Vehicles = 15.00%
            Used Vehicles = 21.00%

***You may Input Any Interest Rate you choose to Compare Loan Payment Results.***

Use the following Loan Term in your Calculation:

    a) New Vehicles & All Credit Quality/Lenders -- Up To 72 Months (i.e. 6 Years)

    b) Used Vehicles & All Credit Quality/Lenders:
            Vehicles Under 50,000 Miles -- Up To 72 Months (i.e. 6 Years)
            Vehicles Over 50,000 Miles -- Up To 48 Months (i.e. 4 Years)

(IMPORTANT NOTICE: By "Clicking" the link below, You will be Re-Directed to a Vehicle Loan Calculator Web Site and a "New Window" will Open. WHEN FINISHED, SIMPLY "CLOSE" OR "MINIMIZE" THE "WINDOW" TO RETURN HERE AND CONTINUE.)

Click: "PAYMENT CALCULATOR"*

***YOU MUST "PRINT" OR "WRITE DOWN" THE "VEHICLE PAYMENT AMOUNT". THE VEHICLE PAYMENT AMOUNT IS NEEDED TO CALCULATE YOUR MAXIMUM PAYMENT-TO-INCOME (PTI) AMOUNT AND YOUR MAXIMUM DEBT-TO-INCOME (DIR) AMOUNT.

RECORD PAYMENT INFORMATION:

$                    PAYMENT AMOUNT  _____NUMBER OF MONTHS/TERM  _____% INTEREST RATE



[Close this "Window" to Continue]

*Payment calculator provided by: Bankrate, Inc.