History of Credit Unions
Become a Member
Locate A Credit Union
How CUs/Banks Differ
Frequently Asked Questions
Employment Opportunities
About the Iowa CU League
Financial Resource Center
Financial Calculators
Locate an ATM
Financial Definitions
Iowa Credit Union Foundation
Scholarships/Grants/Disaster Relief
Iowa Credit Union Foundation Donations
Community Development
Outreach Initiatives
Outreach News
Community Partnerships
Write Your Legislator
Tell Others
Advocacy Efforts
Credit Union Events
Iowa Credit Union News
Fact Sheets
Contact the Iowa Credit Union League
Financial Calculators
Which Loan Costs More?
Vary downpayments, interest rates, rebates, and
repayment terms to compare the costs of two loans.
Negotiated vehicle
purchase price
$
LOAN 1
LOAN 2
Up front cash for downpayment
$
$
Trade-in value applied to downpayment
$
$
Mfg. rebate applied to downpayment
$
$
Interest rate
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
.
00
01
02
03
04
05
06
07
08
09
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
.
00
01
02
03
04
05
06
07
08
09
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
No. of months for repayment
Rate earned by your savings
0.25%
0.50%
0.75%
1.00%
1.25%
1.50%
1.75%
2.00%
2.25%
2.50%
2.75%
3.00%
3.25%
3.50%
3.75%
4.00%
4.25%
4.50%
4.75%
5.00%
5.25%
5.50%
5.75%
6.00%
6.25%
6.50%
6.75%
7.00%
7.25%
7.50%
7.75%
8.00%
8.25%
8.50%
8.75%
9.00%
9.25%
9.50%
9.75%
10.00%
10.25%
10.50%
10.75%
11.00%
11.25%
11.50%
11.75%
12.00%
12.25%
12.50%
12.75%
13.00%
optional
Rate of your tax bracket
10.00%
13.00%
16.00%
19.00%
22.00%
25.00%
28.00%
31.00%
34.00%
37.00%
40.00%
43.00%
46.00%
49.00%
optional
Contact Us
-
Privacy Policy
-
Site Map
-
Home
español
About Credit Unions
|
Money Matters
|
Community Outreach
|
Español
|
Take Action
|
Media Center
© Copyright 2006 IowaCreditUnions.com
|
Web design and development by Spindustry Systems
Iowa Credit Union League • 1500 NW 118th Street • Des Moines, Iowa 50325 • 800-860-6180
