This is about my car loan. Yes I know this interest rate is ridiculous, yes i know i should have financed for a shorter time. but what is done is done and i'll pay it off early plus i'm goin to refi it anyways (& no not for the same amount of time).

I've tried using car loan calculators but they can't even give me a ballpark figure of an amorization schedule so i can figure out where my payments are suppose to be at the end of each month.

no trade-in, only a small down payment.

down payment at dealership amount: $500

interest rate: 11.5%

car loan amount: $9,519

gap insurance financed: $500

Total financed: $10019

loan payments are bi-weekly: $113.55 due on 2nd and $100 due on the 16th

loan payment total is: $213.55

loan payments started 2 jun 2012

payment--------balance

113.55---------10,009.34

100-------------9,953.37

113.55----------9,889.85

100-------------9,833.36

113.55----------9,772.33

100-------------9,715.32

113.55----------9,653.67

100-------------9,596.13

113.55----------9,530.82

100-------------9,472.75

113.55----------9,409.80

100-------------9,351.19

113.55----------9,284.65

i'm not sure how they came up with this. if it's paid bi-weekly, shouldn't it be the same amount each time? and how is it that my first payment only made a $10 difference?

my bank does state tht the YTD interest already paid is $660.50.

i'm not asking for anyone to send me a schedule. i'm only askin on how the math works on this and if it makes sense to anyone else. and if you can at least let me know what's goin on.

btw, are banks obliged to give you an amoritization schedule if requested? just curious.

I've tried using car loan calculators but they can't even give me a ballpark figure of an amorization schedule so i can figure out where my payments are suppose to be at the end of each month.

no trade-in, only a small down payment.

down payment at dealership amount: $500

interest rate: 11.5%

car loan amount: $9,519

gap insurance financed: $500

Total financed: $10019

loan payments are bi-weekly: $113.55 due on 2nd and $100 due on the 16th

loan payment total is: $213.55

loan payments started 2 jun 2012

payment--------balance

113.55---------10,009.34

100-------------9,953.37

113.55----------9,889.85

100-------------9,833.36

113.55----------9,772.33

100-------------9,715.32

113.55----------9,653.67

100-------------9,596.13

113.55----------9,530.82

100-------------9,472.75

113.55----------9,409.80

100-------------9,351.19

113.55----------9,284.65

i'm not sure how they came up with this. if it's paid bi-weekly, shouldn't it be the same amount each time? and how is it that my first payment only made a $10 difference?

my bank does state tht the YTD interest already paid is $660.50.

i'm not asking for anyone to send me a schedule. i'm only askin on how the math works on this and if it makes sense to anyone else. and if you can at least let me know what's goin on.

btw, are banks obliged to give you an amoritization schedule if requested? just curious.

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