So funktioniert's
- Enter Loan amount.
- Enter Annual rate %.
- Enter Term (years).
Die Formel
M = P·r(1+r)ⁿ / ((1+r)ⁿ−1)
Rechenbeispiel
A $100,000 loan at 9% over 7 years is about $1,609/month.
Häufige Fragen
Is collateral needed?
Depends on the lender and amount.
Fixed or variable?
This assumes a fixed rate.
Tipps
- A shorter term costs less overall even if the payment is higher.
- Check the APR, not just the rate, to compare fairly.
- Read the fine print for fees and prepayment penalties.
Begriffe
- APR
- Yearly cost including fees, as a percentage.
- Term
- How long you repay the loan.
- Collateral
- An asset securing the loan.