Real Cost Calculator
Discover the TRUE cost of any purchase with financing - not just the sticker price.
See Total Interest
Know exactly what financing costs you
Hours of Work
See how many hours you work to pay it off
Cash Savings
Compare financing vs saving up
See what things really cost
The price tag is not the whole story. This tool shows you the true cost including interest, and how many hours you will work to pay for it.
Try an example:
That is about $1.67/day
Tip: Use your take-home pay, not gross wage
The REAL cost of this purchase
$1,200.00
No interest - you pay exactly the sticker price!
24
months to pay off
$600
per year
60h
1.5 weeks of work
0% APR is a great deal!
Just make sure: (1) the payment fits your budget, (2) there is no deferred interest if you miss a payment, and (3) you are not buying more than you need just because it is 0%.
When to Use This Calculator
Before financing anything
- Store credit cards and buy now pay later offers
- Car loans and auto financing
- Furniture and appliance payment plans
- Electronics with monthly payments
Smart financing tips
- 0% APR offers are best - you only pay the sticker price
- Watch out for deferred interest that kicks in later
- If APR is over 15%, strongly consider saving up instead
- Never finance wants - only needs if absolutely necessary