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02/21/2025

Loan Cost Calculator

Whenever you borrow money, focus on the total cost of a loan, not just the monthly payments. And make sure you understand all the terms, including those in the fine print. Then run your numbers through this calculator before you sign on the dotted line.
May 31, 2024
A woman uses our loan cost calculator on her mobile device
$ % months
Monthly Payment
Interest Cost (total interest cost over the life of the loan)
Total Cost of Loan (interest + principal loan amount)
Payment Schedule:
Period Payment Principal Interest Balance Interest Paid

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