Loan Savings Calculator
A higher FICO® Score could save you money
The Loan Savings Calculator estimates how FICO® Scores impact the interest you pay on a loan. Select your loan type and enter the appropriate loan details. You can see that having a score in the higher ranges could mean big savings!
How important is the FICO® Score?
Your FICO® Score plays a crucial role in determining your loan terms, including the interest rate you'll receive. A higher FICO Score could save you thousands of dollars over the life of the loan by securing lower interest rates. Additionally, a lower interest rate can help reduce your monthly payments, which could make your loan more affordable and easier to manage.
Mortgage
Auto Loan
| FICO® Score | APR 1 | Monthly Payment | Interest Paid |
|---|
A FICO® Score of over a FICO Score of would:
- Save per month
- Save for the lifetime of the loan