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How to Use the Payment Estimator

Learn how to calculate an estimated monthly payment using the amount, term, and interest rate entered within an estimate.

Article Introduction

The Payment Estimator helps you calculate a monthly payment based on an amount, financing term, and percentage rate. Expand the Payment Estimator section within the estimate to enter the financing information.

How to Calculate a Monthly Payment
  1. Expand the Payment Estimator section.
  2. Enter the amount being financed in the Amount field.
  3. Enter the length of the financing term in the Term (Months) field.
  4. Enter the percentage rate in the Rate (%) field.
  5. Select Calculate.
  6. Review the calculated amount beside Monthly Payment.

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