Loan Comparison
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Variable Rate Vs. Fixed Rate
Auto Loan
Amount Financed ($)
Fixed Interest Rate (%)
Starting variable interest rate (%)
1st Payment Due Date
Variable Rate
Fixed Rate
Months
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24
36
48
60
72
1st Monthly Payment
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Max Monthly Payment
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Total Interest Paid
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Total Paid
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**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.
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