Whether you’re thinking about a mortgage for that new home you’ve been eyeing, or you need a new car, it’s a good idea to do a little math to make sure you get the best loan terms before you sign on the dotted line. That’s because the length of your loan and the interest rate you pay can have a big impact on the total amount you’ll pay over the life of the loan. Sometimes it makes sense to stretch that loan out for a longer timeframe to get a lower payment today. Other times it might be worth spending more today to save in the long run. With our loan term calculator, you can get a sense of how much you could save (or how much more you’ll spend) when you use different loan terms for the same goal.
Click Here to use our calculator.