Affordabilly v1.0 Loan Calculator

Payment you can afford:
Interest Rate:	1.00% 1.25% 1.50% 1.75% 2.00% 2.25% 2.50% 2.75% 3.00% 3.25% 3.50% 3.75% 4.00% 4.25% 4.50% 4.75% 5.00% 5.25% 5.50% 5.75% 6.00% 6.25% 6.50% 6.75% 7.00% 7.25% 7.50% 7.75% 8.00% 8.25% 8.50% 8.75% 9.00% 9.25% 9.50% 9.75% 10.00%
Loan Length (Term):	1 year 2 years 3 years 4 years 5 years 6 years 7 years 8 years 9 years 10 years 11 years 12 years 13 years 14 years 15 years 16 years 17 years 18 years 19 years 20 years 21 years 22 years 23 years 24 years 25 years 30 years
Payment frequency:	Monthly Bi-Weekly

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Instructions

• Enter the payment you can afford
• Select a monthly interest rate
• Select how long your loan will last in years
• Select how often you will make payments (monthly or bi-weekly)
• Click on the Calculate button

Affordabilly will show you your approximate maximum loan amount and the total amount of interest you will pay over the course of your loan.

Note: these figures may not be exact due to rounding, but should give you a very good idea of what you can afford.

AffordaBilly v1.0 is Copyright 1999 Kristina Pfaff-Harris
and can be found at http://www.tesol.net/scripts/

The Arkansas Small Business and Technology Development Center is funded in part through a cooperative agreement with the U.S. Small Business Administration through a partnership with the University of Arkansas at Little Rock College of Business and other institutions of higher education. All opinions, conclusions or recommendations expressed are those of the author(s) and do not necessarily reflect the views of the SBA. It is the goal of UALR to eliminate discriminatory harassment and to promote equal opportunity regardless of race, gender, color, national origin, sexual orientation, age, religion, veteran's status, or disability.