| What you are comparing | In this illustration |
|---|---|
| Loan balance in the example | $10,000 |
| Cash received in the included-fee branch | $9,700 |
| Payments on the schedule | $10,661.86 |
| Cash outflows including the separate charge | $10,961.86 |
Keep two fee arrangements separate
In the included-fee branch, a $10,000 loan balance yields $9,700 of cash. The borrower receives less than the amount recorded as principal. That affects the cost of the money actually received.
In the separate-charge branch, the $300 is paid separately. The scheduled payments plus that charge total $10,961.86 in the saved illustration. Do not add a separate $300 again to a branch where the fee has already been counted in the cash comparison. These figures are not a legal APR calculation.
This is a saved illustration with stated assumptions, not an offer or prediction for your circumstances. The full calculation and original limitations are in the optional archive.
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