Example 1 — 5-year loan with fees
- Amount: 50,000
- Rate 11%, term 5 years
- Origination 1,000 + 15/mo.
Payment ≈ 1,087.12
All-in ≈ 67,127.20
Fees outside the instalment raise the real cost above total repayments alone.
Total cost of loan
Fixed-rate annuity payment, interest, and fees outside the instalment — origination, insurance, monthly charges. Optionally compare two offer scenarios.
Fixed annuity at a constant rate. Fees are added outside the contractual payment. This is not a lender’s statutory APRC — an educational all-in cost. Currency follows the header.
Result
Enter data and click Calculate.
How results are calculated
Payment = annuity from principal, annual rate, and term in years (fixed monthly instalment).
Total of payments = payment × number of months. Interest = total of payments − principal.
Fees = origination + other + (lump insurance or monthly insurance × n) + monthly fee × n.
All-in cost = total of payments + fees. Effective monthly cost = all-in ÷ n. Cost per 1,000 = all-in ÷ principal × 1,000.
How to use the calculator
- Enter the loan amount, annual interest rate (%), and term in years.
- Optionally open Additional options and add origination, insurance, a monthly fee, or other charges.
- To compare offers, fill Scenario B fields (empty = Scenario A values).
- Compare payment, fees, all-in, and cost per 1,000 — the note highlights the cheaper option.
Usage examples
Example 2 — Longer term
- Amount: 50,000
- Rate 11%, term 8 years
- Same fees as Example 1
Lower payment ≈ 785.42
Higher all-in ≈ 77,840.32
A longer term cuts the payment but usually raises total cost.
Example 3 — A vs B comparison
- A: 9%, origination 1,600, ins. 50/mo., other 400
- B: 8.2%, origination 3,200, ins. 900 once
- Amount 80,000, 6 years
B cheaper by ≈ 4,492
(all-in)
A lower rate can beat a higher fee — compare all-in, not only the payment.
How to interpret the result
- Total cost shows how much you repay above the borrowed amount – not only in interest, but also in fees that sit outside the instalment itself.
- The result is useful for comparing two scenarios or offers in a simple way, but it does not replace statutory APR/APRC or a full review of lender documents.
- If two offers have a similar instalment but different upfront or monthly fees, this calculator is where that difference becomes the clearest.
When to choose another tool
- Monthly instalment amount → Loan instalment or Mortgage instalment
- Simplified yearly cost percentage → APR estimate
- Quick simple cost sketch without richer assumptions → Cost of loan
FAQ
What counts toward total borrowing cost in this calculator?
Annuity repayments (principal + interest) plus fees outside the payment: origination, insurance (lump or monthly), a monthly fee, and other known charges. Educational model — not a statutory APRC.
How is total of payments different from all-in cost?
Total of payments is only the contractual schedule. All-in adds fees you pay separately or alongside the instalment.
How is monthly insurance counted?
Monthly amount × number of payments (years × 12). In lump-sum mode, insurance is added once to fees.
When does Scenario B comparison turn on?
When you fill at least one Scenario B field (rate, term, amount, or fees). Empty B fields inherit Scenario A values.
What does cost per 1,000 borrowed mean?
All-in cost ÷ loan amount × 1,000 — useful when comparing offers of different sizes.
Does this replace a lender’s APR / APRC?
No. Lender APRC may be computed differently. Here you get a transparent all-in cost; use the simplified APR calculator for an educational rate estimate.
Where can I see a month-by-month schedule?
In the amortization schedule with extra payments calculator — this tool focuses on all-in cost and offer comparison.
Where does the currency in the results come from?
From the currency set in the page header. Changing it updates amount formatting.