Each slice of the pie chart for house pmt calculation represents the amount of percent assigned to every variable associated with pmt formula for house.

This monthly house payment calculator is not just limited to estimating monthly pay of houses but you can also get payment value on any other things that you want to purchase through loan.
― Note

The rate at which the loan for a house is cleared is hugely impacted by the amount of time associated with that particular amount of the loan.

How to calculate the monthly payment on your car loan?

Calculating the monthly payment of car loan is done in the same way you just need to use the above formula and replace the term 'monthly house payment' with 'monthly car loan payment'.

For example, car loan of $15,000 with fixed yearly rate of interest of 3.8% for 15 years, the principal is PA=15000, the monthly interest rate for car loan is MI=0.038/12, the number of monthly payments is n=15 * 12 = 180, then monthly payment for car is $109.45.

Another example let's say for getting microsoft surface book monthly payment of loan the loan amount or the PA is $2062.39 with yearly rate of interest of 4.2% for 3 years, the principal is PA=$2062.39, the monthly interest rate for microsoft surface book loan is MI=0.042/12, the number of monthly payments is n=3 * 12 = 36, then monthly payment for microsoft surface book is $61.07.