Question 1

Does this include origination fees?

Accepted Answer

Not automatically. If fees are financed or effectively reduce the amount you receive, incorporate them by adjusting the principal you use.

Question 2

Is the payment fixed throughout the term?

Accepted Answer

This estimator assumes a fixed APR and standard amortizing payments. Variable-rate loans follow different rules.

Question 3

What if the APR is promotional?

Accepted Answer

If APR changes later, rerun the calculator with the post-promotion APR or model separately for a more realistic scenario.

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