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Use this calculator to determine what loan amount you can afford or what your payment will be.
- Select the frequency of payments from the drop down list.
- Enter the number of payments required to pay off the loan. For instance,
if you are taking out a 5 year car loan and will be making monthly payments,
the total number of payments will be 60.
- Enter the Annual Percentage Rate offered on the loan.
- Enter either a regular payment or the amount of loan, but not both! If you
enter in a regular payment amount that you can afford, then the calculator
will display the principal amount that you can request. If you enter in a
principal amount (the cost of a new car for instance), then the calculator
will display the regular monthly payment amount.
- Click the Compute button to display the regular payment amount or the
principal amount.
Use this calculator as a guideline only. Actual principal amount or
payment amount may vary. Call the credit union for details.
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