Major Purchase Reality Check
Look beyond the monthly payment.
Use a few numbers to see the estimated financing cost, total cash commitment, and monthly household impact of a major purchase.
Your numbers
Build the purchase picture.
Estimated impact
What the purchase may really cost.
Amount financed—
Estimated loan payment—
Estimated interest over term—
Estimated total loan payments—
Monthly impact with added costs—
Share of take-home pay—
Questions worth asking before you commit
- What is the out-the-door price—not just the advertised price?
- What changes if the interest rate, loan term, or down payment changes?
- What other monthly costs arrive with this purchase?
- What savings or other goals will receive less money after this payment begins?
- What happens if your income, duty station, housing, or household needs change?
Estimates depend on the numbers entered and do not include every possible tax, fee, insurance cost, financing rule, or ownership expense.