nldoty
Well-known member
- First Name
- Nick
- Joined
- Aug 30, 2023
- Threads
- 0
- Messages
- 106
- Reaction score
- 106
- Location
- Washington, DC
- Vehicles
- 2023 Lariat ER, 2021 Model Y LR
- Occupation
- Data Engineer @ NASA
FWIW if you're just interested in interest cost and total cost, there's probably 100 calculators on the internet that can do that. I highly recommend this one.For some reason, it looks like it's just a screenshot here. I did find an online tool that did the same.
It seems counterintuitive as most just look at the interest cost versus the total cost.
For me, the total cost difference on a 5-year at mid 6's loan versus the promo rate was net $4732 savings on taking the $7500.00 This number also does not count if you pay it off early or refi at lower costs.
I did update the link so it links to the sheet, and doesn't use a media tag. Don't know why it automatically did that.
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