Loan Calculator: True Cost

Expose the hidden math. See the exact interest your bank doesn't want you to know about.

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Don't Let The Bank Trick You

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Key Features

Live Extra Payment Slider

Drag the slider to add $25, $50, or $100 to your monthly payment. Watch in real-time as years of debt and thousands in hidden interest vanish from your schedule.

Wealth Crossover Highlight

Our color-coded amortization table automatically finds your "Break-Even" month—the exact moment your payments stop lining the bank's pockets and actually start paying off your principal.

Hidden Fee Analyzer

Never get tricked by a "lower monthly payment" again. Factor in origination fees, closing costs, and dealer markups to reveal the TRUE Annual Percentage Rate (APR) of personal and auto loans.

What's New

Initial release of the True Cost calculation engine.
Added the interactive Extra Payment Slider.
Introduced the color-coded "Crossover Month" indicator.
Pre-filled typical US average APRs for 5 major loan types.

Frequently Asked Questions

Adding just $100 extra to a typical $300,000 mortgage can save you over $30,000 in interest and shave almost 5 years off your loan. Use our live slider to see your exact dollar savings instantly.

Car dealers often stretch loan terms to hide fees. Enter the actual value of the car versus the total loan amount into Amortizer's Hidden Fee Analyzer to reveal the real Annual Percentage Rate (APR) they are charging you.

It is the exact month when your payment starts paying more toward your actual debt principal than toward the bank's interest. Amortizer automatically highlights this "Tipping Point" in green on your schedule.

Not always. If an online lender lowers your rate but stretches a 3-year debt into a 7-year loan, you might pay more total interest. Amortizer compares these scenarios so you can see the true total cost before signing.

Lenders often deduct a 5% to 8% origination fee before sending your money, but charge interest on the full requested amount. Our True Cost calculator factors this "missing money" back into the math to expose your real effective rate.

Yes. Our Loan Calculator allows you to generate a full amortization schedule. You can use this clear, mathematical breakdown as leverage when negotiating with car dealers or mortgage brokers.

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