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Old 07-23-2023, 05:27 AM   #224
Edward64
Head Coach
 
Join Date: Oct 2005
Okay, found another calculator that provides total principal/interest payments (but no monthly payments WTF?). Here's the use case comparison.

400 Bad Request
Quote:
Total Loan Amount $50,000.00
Sale Tax $3,500.00
Upfront Payment $5,500.00

Total of 60 Loan Payments
$57,998.40
Total Loan Interest $7,998.40
Total Cost (price, interest, tax, fees) $63,498.40
Quote:
Total Loan Amount $50,000.00
Sale Tax $3,500.00
Upfront Payment $5,500.00

Total of 84 Loan Payments
$61,355.93
Total Loan Interest $11,355.93
Total Cost (price, interest, tax, fees) $66,855.93

So for a 50,000 loan @6%, approx $3,400 more in interest for an additional 2 years

Last edited by Edward64 : 07-23-2023 at 05:52 AM.
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