See the Numbers for Yourself

In the book, I break down exactly what bad credit costs you—and what good financial decisions can build over time. These calculators let you plug in your own numbers and see it for yourself. Because the decisions you make about money right now will echo for decades. Make them count.

Book example: The Monetary Success chapter compares a $25,000 car loan over five years at 4% and 13%. Start with those numbers, then replace them with a real offer you are considering.

Monthly Loan Payment
$460
Loan Amount$25,000
Total Interest Paid$2,625
Vehicle Price + Loan Interest$27,625

What this includes: vehicle price, down payment, principal, and loan interest. It does not include sales tax, title or dealer fees, insurance, fuel, maintenance, or repairs.

Principal: $25,000
Interest: $2,625
10% of your payments go to the bank
What Can a Different APR Cost You?
Compare your entered APR with another possible offer. The book’s high-cost car example uses 13%.
13.0%
Comparison APR
0%5%10%15%25%
With Your Rate
4.0% interest
$27,625
$460/mo
VS
Comparison Offer
13.0% APR
$34,130
$569/mo
The comparison rate would cost $6,497 more for the same car.

APR examples are for learning, not current offers or approval predictions. Lenders may also consider income, existing debt, term, down payment, collateral, and other information.

Where Your Money Goes Each Month

This is amortization. The interest share is highest early because the amount you still owe is highest. As the balance falls, more of each payment goes to principal.

Interest Principal

Disclaimer: These calculators are provided for educational and illustrative purposes only and do not constitute financial, investment, tax, or legal advice. All results are estimates based on the information you enter and standard mathematical formulas. Actual loan terms, interest rates, and investment returns will vary based on your creditworthiness, lender, market conditions, and other factors. Consult a qualified financial advisor, tax professional, or licensed lender before making any financial decisions. Corey L. Cook and Cook Media LLC are not responsible for any financial decisions made based on these calculators.

These calculators come straight from the “M” in DREAM/BIG—Monetary Success. The book walks through the decisions behind every one of these numbers.

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