Comment l'utiliser
- Use the formula below with your own figures.
La formule
Compare total cost, not just the monthly payment.
Exemple concret
A lower payment with a longer term can still cost more overall.
Questions fréquentes
What matters most?
Total cost over the life of the loan, plus the payment you can afford.
Are fees included?
Add fees to compare true cost.
Conseils
- 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.
Termes clés
- APR
- Yearly cost including fees, as a percentage.
- Term
- How long you repay the loan.
- Collateral
- An asset securing the loan.