Loan Comparison

Variable Rate Vs. Fixed Rate

Auto Loan
Amount Financed ($)
Fixed Interest Rate (%)
Starting variable interest rate (%)
1st Payment Due Date
Variable Rate Fixed Rate
1st Monthly Payment -- --
Max Monthly Payment -- --
Total Interest Paid -- --
Total Paid -- --
**Calculator for estimation use only
**Note that Max Monthly Payment for variable rate is based on worst case scenario (if rate increased the max 1% each year). Will likely be less depending on Prime Rate.