Open navigation Main Menu Mortgages
Financing a home purchase Refinancing an existing loan Finding the right lender Additional Resources
Looking for a financial advisor? Take our 3 minute quiz and then match up to an adviser today.
Main Menu Banking
Calculators to compare accounts Use the calculators and get advice Bank reviews
Looking for a financial advisor? Do our 3-minute quiz and connect the advisor you want today.
Main Menu Credit cards
Compare according to category Compare using credit Compare by issuer Get advice
Are you looking for the ideal credit card? Find it with CardMatch(tm)
Main Menu Loans
Personal Auto Loans and Loans for Students Calculators for loans
Find a personal loan within 2 minutes or less Answer some questions to receive offers with no impact to your score on credit.
Main Menu for Investing
Best of Brokerages and robo-advisors . Learn the basics Additional resources
Looking for a financial advisor? Do our 3-minute quiz and connect to an adviser today.
Main Menu Home equity
Find the most competitive rates Lender reviews. Use calculators. Knowledge base
Looking for a financial advisor? Take our 3 minute quiz and match to an adviser today.
Main Menu Real estate
Selling a home Buying an investment property Finding the right agent information
Looking for a financial advisor? Take our 3 minute quiz and then match up the advisor you want today.
Main Menu Insurance
Car Insurance Homeowners insurance Other insurance Company reviews
Looking for a financial advisor? Take our 3 minute quiz and match to an adviser today.
Main Menu Retirement
Accounts and retirement plans. Learn the basics Retirement calculators Other Resources
Looking for a financial advisor? Do our 3-minute quiz and connect to an adviser today.
Open search Close search
Submit
Negative Equity Auto Loan Payment Calculator
If you have more debt on your car than it’s worth, you have negative equity. This calculator will help you estimate your car’s monthly costs if you choose to combine your negative equity into an existing loan.
How do you use this calculator? To use this calculator simply input the amount remaining from the loan you must pay, the amount that you borrowed from your new loan and the loan term and your . Then, you will have the expected monthly payment along with the total principal and interest paid. If you’d like to see how the extra payments affect the cost of your loan, you can input them as well. Doing so will adjust the monthly amount and the total interest paid to reflect this. What is negative equity? Negative equity, also called ” ” — is when you owe more on your auto loan than the car is worth. While it isn’t the worst-case scenario as a loan owner, it could hinder the sale of your vehicle and make future auto loan approval a challenge. Use this calculator to know the monthly installments you make so you can best grasp how the money you owe could affect the overall amount of your new loan. Consider making extra payments, or increasing your down payment or even your loan before you buy something new in order to reduce the amount of extra interest you would pay.
About
Help
Legal Cookie settings Do not sell my info
How we make money Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for the placement of sponsored products and, services, or by you clicking on certain hyperlinks on our website. This compensation could influence the manner, place and in what order items are listed and categories, unless it is prohibited by law for our mortgage, home equity, and other home lending products. Other factors, like our own proprietary website rules and whether a product is available within the area you reside in or is within your personal credit score can also impact the way and place products are listed on this website. While we strive to provide the most diverse selection of products, Bankrate does not include specific information on every credit or financial product or service. Bankrate, LLC NMLS ID# 1427381 | BR Tech Services, Inc. NMLS ID #1743443 |
|
(c) 2023 Bankrate, LLC. It is a Red Ventures company. All Rights Reserved.
If you cherished this article therefore you would like to acquire more info relating to best payday loans online same day no credit check – credit-as.site, nicely visit our own website.