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Cost of Financing Calculator
The rate on the offer is rarely what you pay. Add the fees, blocked deposits and guarantee charges and see the true annual cost.
Financing cost simulator
More options: own contribution, guarantee, deposit, other costs and inflation
Nominal rate-
Compound rate-
Real cost, bank basis (monthly rate × 12)-
Effective annual cost (compounded)-
Total cost of financing-
Minimum yearly commercial return the project needs-
The same, after inflation-
The nominal rate is the rate on the offer. The compound rate adds the effect of paying profit in instalments. The real cost on the bank's basis also counts fees, the guarantee, the deposit and other costs, and turns the monthly rate into a yearly one the way banks do (times 12); use it to compare bank offers. The effective annual cost is the same cost compounded over a year; use it against inflation or instruments that pay once a year. The minimum commercial return is the yearly profit, as a share of the whole project, needed to cover the financing; add inflation to see it in real terms.