$
%
months
%
Monthly Payment
—
principal + interest
Total Interest
—
total cost of borrowing
Total Repayment
—
principal + all interest
True APR
—
incl. origination fee
Amortization Schedule (first 12 months)
| # | Payment | Principal | Interest | Balance |
|---|
💡 Tip: The true cost of a loan includes origination fees, not just the interest rate. A loan with a lower rate but high fees can cost more than a higher-rate loan with no fees. Always compare total repayment amounts, not just monthly payments.