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APRs on a 2-Year Loan

Use the grid below to determine how much money you can borrow and pay off over two years. Select a rate from the top row and the monthly payment amount that you can afford from the left column. The amount of money that you can borrow is at the intersection.

Note: Use this grid for estimate purposes only. Your actual loan may vary due to applicable fees, down payment, insurance and escrow. 

 

Monthly
Payments


Annual Percentage Rate (APR)

  5.00% 6.00% 7.00% 8.00% 9.00%
$50 $1,140 $1,128 $1,117 $1,106 $1,094
$100 $2,279 $2,256 $2,234 $2,211 $2,189
$150 $3,419 $3,384 $3,350 $3,317 $3,283
$200 $4,559 $4,513 $4,467 $4,422 $4,378
$250 $5,698 $5,641 $5,584 $5,528 $5,472
$300 $6,838 $6,769 $6,701 $6,633 $6,567
$350 $7,978 $7,897 $7,817 $7,739 $7,661
$400 $9,118 $9,025 $8,934 $8,844 $8,756
$450 $10,257 $10,153 $10,051 $9,950 $9,850
$500 $11,397 $11,281 $11,168 $11,055 $10,945
$600 $13,676 $13,538 $13,401 $13,266 $13,133
$700 $15,956 $15,794 $15,635 $15,477 $15,322
$800 $18,235 $18,050 $17,868 $17,688 $17,511
$900 $20,515 $20,307 $20,102 $19,899 $19,700
$1000 $22,794 $22,563 $22,335 $22,111 $21,889

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