Each month, repayment of principal and interest must be made from borrowers to auto loan lenders. They work as any generic, secured loan from a financial institution does with a typical term of 36, 60, 72, or 84 months in the U.S. Most people turn to auto loans during a vehicle purchase. If only the monthly payment for any auto loan is given, use the Monthly Payments tab (reverse auto loan) to calculate the actual vehicle purchase price and other auto loan information. may still use the calculator, but please adjust accordingly. The Auto Loan Calculator is mainly intended for car purchases within the U.S. Broadview FCU NMLS Identifier: 458314.Related Cash Back or Low Interest Calculator | Auto Lease Calculator HOA address: 4 Winners Circle, Suite 201, Albany NY, 12205. Both are Licensed Mortgage Bankers – NYS Dept. Mortgage products in New York State only and offered by our Mortgage Teams, Homeowners Advantage (HOA) and SEFCU Mortgage Services (SMS), which are subsidiaries of Broadview FCU. If an escrow account is required or requested, that payment does not include insurance and taxes and the payment may be greater. Rates are based on a purchase or no cash out refinance, cash out options may affect your rate. Quoted rates may include the requirement of Broadview membership at the time of loan disbursal and selection of our Automatic Payment Plan.
Rates are accurate as of and are subject to change without notice. Representative payment for a 30 year fixed mortgage at 6.625% with a 6.785% APR is $6.51 per $1,000 borrowed. All rates quoted are the lowest available rates, actual interest rate will be based on overall credit worthiness. Broadview does not warrant, guarantee or insure any service or product offered by any insurance company.ĪPR = Annual Percentage Rate. Broadview is not responsible for products and services purchased through Broadview Insurance Agency. Business conducted with Broadview Insurance Agency is separate and distinct from any business with Broadview. Any insurance required as a condition of an extension of credit by Broadview is not required to be purchased from Broadview Insurance Agency and can be purchased from an agent or insurance company of the individual's choice. Insurance products offered through Broadview Insurance Agency a wholly owned subsidiary of Broadview Federal Credit Union. Interest on 30, 60, or 90 days no payment loans will begin to accrue immediately upon loan disbursal and will be amortized over the monthly loan payments. Broadview membership required for loan disbursal. New/Used Auto Loans and refinances of non-Broadview Vehicle Loans only. Rates accurate as of and subject to change without notice. Monthly loan payment example: a $27,000 loan at 8.24% for 60 months, with no additional payment protection, would be $550.27, or $254.11 biweekly. Broadview will finance up to 90% of the sticker price (before tag, title, and tax) for new purchases, and up to 90% of the JD Power Retail Value for used purchases. Actual interest rate will be based on overall creditworthiness. All rates quoted are the lowest available rates. Broadview membership is required.Īnnual Percentage Rate (APR). Monthly loan payment example: a $27,000 loan at 7.24% for 60 months, with no additional payment protection, would be $539.28, or $249.20 biweekly. The residual value is impacted by items such as estimated mileage usage, vehicle year, make and model. Please note that your balloon payment is dependent on the residual value of the financed vehicle. If only the minimum payment of $246.58 is made for those 59 months, a balloon payment (also referred to as Residual Value) of $16,762.00 will be due as your final payment. Monthly loan payment example: a 60-month term for a $25,000 loan at 5.99% for the first 59 months, with no payment protection, would be $246.58. Monthly loan payment example: a $25,000 loan at 5.24% APR for 60 months, with no additional payment protection would be $475.55, or $219.66 biweekly.
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