WORK AND MONEY
Loan / lease calculator
Calculate the approximate monthly payment, total interest and overall cost.
How is the payment calculated?
The calculator uses equal monthly payments (the annuity method). The down payment is deducted from the purchase amount first, then the stated annual interest rate and term are applied to the remaining financed amount.
The calculation is for information only. It does not include contract fees, commissions, insurance, residual value or other bank or leasing-company charges. The actual offer may differ.
How does the loan calculator work?
Enter the loan amount, term and interest rate to estimate payments and total cost. It is useful for comparing several financing options before signing an agreement.
Why look beyond the monthly payment?
A lower monthly payment often comes from a longer repayment term, which can increase total interest paid. When comparing offers, also consider fees, APR and other costs specified by the lender.
Frequently asked questions
Does this show a lender’s final offer?
No. It is an estimate; a lender may apply additional fees and an individual interest rate.
What happens with a shorter loan term?
The monthly payment is usually higher, while the total amount paid in interest is usually lower.