This is how a lease option should work: After securing the go-ahead from a mortgage broker and before moving in, your potential buyer will give you a healthy, nonrefundable deposit to go toward the down payment of the house -- typically, 3 to 5 percent of the purchase price.
The Simple Interest Calculation Formula is: Loan Amount (in dollars and cents) x Interest Rate x Time (in days) = Total Interest. You must select the values to enter the Starting Month, Day and Year, and the Ending Month, Day and Year for the time of loan. Enter the amount of the loan and the simple interest rate. Click on Calculate. The calculation is done in days, EXACT calendar days!
Estimate how much you save by making payments sooner. Generally, interest on student loans is calculated daily. The daily interest is the amount of interest that you would normally be required to pay each month on your loan. Use this calculator to: 1  Figure out the interest amount owed since your last payment. 2  Experiment with the number of days field to see how making payments earlier results in a lower interest amount.