• MyMoney101- Compare Cost Of Borrowing

    Depending on your the interest rate you pay, and how long you take to repay the loan, the cost of borrowing money can change dramatically. Some lenders also charge fees and penalties that will need to be factored in so that you know the actual cost of what you're buying. This is meant to be a tool for entertainment purposes, actual calculations may vary, always carefully read your loan paperwork and ask for clarification if anything is confusing.
  • Hitting SUBMIT will email you a copy of your work which might be helpful for comparing loan terms, however, the process shares your entries and email with MyPath, so only hit SUBMIT if you’re comfortable with that. You can just hit PRINT and choose to print or Save to PDF. Then you have a copy and MyPath doesn’t.

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