Current Mortgage Rates

Thursday, December 04, 2008




Glossary of Terms

1 2 3 4 5 7 8 A B C D E F G H I J L M N O P Q R S T U V W Y Z

Amount Financed

The part of a vehicle's cost that a lender supplies. To determine the amount financed, multiply the purchase price by the interest rate; subtract that amount from the purchase price; add state purchase tax to that remainder; then subtract the down payment. Put differently, AF = purchase price - (purchase price x interest rate) + tax - down payment.