$
Loan amount
Enter the amount you plan to borrow.
Enter the amount you plan to borrow.
years
Loan term
Enter the expected duration of the loan.
Enter the expected duration of the loan.
%
Annual interest rate
Enter the fixed annual interest rate without insurance of your credit.
Note that when you change the duration , the simulator provides the current default rates (unless you disable this option by clicking on the blue arrow on the left).
Usual rates according to the term can be seen on the right curve.
This yield curve itself is configurable as it depends on your age conditions, your health, your resources..
Enter the fixed annual interest rate without insurance of your credit.
Note that when you change the duration , the simulator provides the current default rates (unless you disable this option by clicking on the blue arrow on the left).
Usual rates according to the term can be seen on the right curve.
This yield curve itself is configurable as it depends on your age conditions, your health, your resources..
%
Insurance interest rate
Specify the fixed annual rate of insurance your credit.
Specify the fixed annual rate of insurance your credit.
$
Set-up fees
Your loan's one-time charges such as front-end fees
Your loan's one-time charges such as front-end fees
Compound interest
Simple interest
Usual yield curve
Monthly payments
Monthly repayments of your loan. They are constant over the life of the loan, but their decomposition evolves (see amortization table below).
Monthly repayments of your loan. They are constant over the life of the loan, but their decomposition evolves (see amortization table below).
Insurance cost
Total cost of your loan's insurance.
Total cost of your loan's insurance.
Loan's total cost
What will be the total cost of your loan (bank interests + insurance + set-up fees) .
What will be the total cost of your loan (bank interests + insurance + set-up fees) .
Effective APR
The effective Annual Percentage Rate of charge (effective APR) is the key indicator of the global cost of a loan. The loan offering the lowest effective APR is the cheapest loan. Indeed, the effective APR takes into account all the fees of the credit (bank interests, insurance cost and setup fees). This is a precious information when comparing several loan offers with different fee structures.
The effective Annual Percentage Rate of charge (effective APR) is the key indicator of the global cost of a loan. The loan offering the lowest effective APR is the cheapest loan. Indeed, the effective APR takes into account all the fees of the credit (bank interests, insurance cost and setup fees). This is a precious information when comparing several loan offers with different fee structures.
Monthly payments and total cost according to the the duration
▼ Payments ($/m)
Total cost of the loan (k$) ▼
Click on the graph to change the loan duration
▼ Amount borrowed
$
$
▶
▼ Total cost
$
$
-----Insurance
$
$
-------Interests
$
$
▼ Breakdown of the monthly payment ▼
$/m
$/m
Principal (amount still due) (K$) ▼
Loan amortization
First payment
Mouse over the graph.
Loan amortization table starting on
| Year | Monthly payment | Balance | Monthly payments | ||
|---|---|---|---|---|---|
| Principal | Interests | Insurance | |||
