How much does a $1000 loan cost?
Use the sliders and the drop down options to change the conditions of the loan. to change the down payment, the interest rate and the length of time until you will repay your loan to see how it impacts the cost of taking out a $1000 loan. You can also change the compounding frequency.
Down payment:
Interest rate:
Time:
With a downpayment of $, you are borrowing $ at an interest rate of % per annum, for , .