Financing Cost Calculator

Compare what a financing offer actually costs using amount received, total repayment, fees, and term.

Funding amount received ($)

Total repayment amount ($)

Term (months)

Origination or upfront fees ($, optional)

Payment frequency

Estimated results

Net funding after fees: $48,500
Total financing cost: $13,500
Cost as % of amount received: 27.8%
Cost per $1 borrowed: $0.278
Estimated payment: $1,192.31
Estimated number of payments: 52
Monthly equivalent: $5,166.67
Simple annualized cost rate: 27.8%

How these numbers are calculated

Total financing cost = total repayment − amount received + upfront fees.
Cost as a percentage = total financing cost ÷ amount received.
Cost per dollar = total financing cost ÷ amount received.
Estimated payment = total repayment ÷ number of payments in the term.
Simple annualized cost rate scales the cost percentage over a year. It is a comparison estimate, not an APR and not an APR disclosure.

Results are estimates for educational purposes only. Actual payments, costs, availability, rates, amounts and terms are determined by the financing provider and depend on applicant qualifications.