💡A few useful answers
How are the amounts calculated?
Fixed nominal interest is divided by twelve; upfront fees are added to interest and total payments.
How can I review my progress?
Compare equal principal amounts in one currency, checking both the monthly payment and full term.
What limitations should I keep in mind?
This table does not calculate APR or include insurance, changing rates or unentered charges.
Loan comparison sheet
Currency: USD
Use these settings: Currency: USD; Content: Loan amount: 10000, Annual interest (%): 6, Term (months): 36, Upfront fees: 100 / Loan amount: 10000, Annual interest (%): 5, Term (months): 48, Upfront fees: 200. #1 · Total: $11,051.88; #2 · Total: $11,254.11.
Open this example ↗Currency: EUR
Use these settings: Currency: EUR; Content: Loan amount: 1200, Annual interest (%): 0, Term (months): 12, Upfront fees: 60 / Loan amount: 1200, Annual interest (%): 10, Term (months): 12, Upfront fees: 0. #1 · Total: €1,260.00; #2 · Total: €1,265.97.
Open this example ↗