Add up the repayment cost
Illustrative defaults. Replace them with your offer’s figures. Inputs stay in your browser and are not saved or sent to analytics.
Example: 12 × $110 = $1,320 in scheduled payments. With $1,000 received and no separate fees, the difference is $320.
What the result means
Scheduled payments is the payment amount multiplied by the number of equal payments. Total paid adds any fees you pay separately up front. Difference from cash received subtracts the actual cash you receive from that total.
The result does not include late fees, failed-payment fees, optional add-ons, or a final balloon payment unless you account for them separately. Do not use equal-payment inputs for an irregular repayment schedule.
This does not calculate APR
Payment timing and the applicable treatment of fees matter to an APR calculation. This tool does not request payment dates and cannot calculate the disclosed APR. Read that figure in the provider’s actual offer. A difference in dollars is not an annual percentage rate.
Compare the same things
Use the same cash-received basis for each offer, and check that payment frequency and number of payments match the agreement. Then place the due dates alongside your existing commitments. The calculator does not recommend a lender or decide whether you can afford a loan.