Tips for navigating a fair auto purchase
Know the average document/processing fee in your state that is allowed by law:
The following states have an average document/processing fee of $300 or less:
AK, AR, CA, DC, IA, IN, MD, MI, MN, MT, ND, NE, NY, OH, OR, SD, TX, UT, VT, WA, WI, WV
The following states have an average document/processing fee between $300 and $600:
AL, AZ, CT, DE, GA, HI, ID, IL, KS, KY, LA, MA, ME, MO, MS, NH, NM, NV, OK, PA, RI, SC, TN, WY
The following states have an average document/procressing fee between $600-$1000:
CO, FL, NC, NJ, VA
Fees you should avoid paying...
While the above fees are allowed by law, some dealerships add additional fees for extra profit. The following fees are NOT required by law in any state:
*Vehicle prep fee
*Dealer prep fee
*Delivery fee
*Reconditioning fee
*Pre-delivery fee
*Inspection fee
*Advertising fee
Freight charges are included in the sticker price for most vehicle brands and are commonly included in any dealer quote. However, make sure the dealer does not charge for freight twice. This is a common practice! Many dealships have been sued for this in the past years, but the practice continues.
*State taxes, tag and title fees apply and vary state-to-state.
Tips for understanding a mortgage settlement statement
How do I know what to look for on a document that has so many numbers?
When looking at the settlement statement, there are only a few areas in which the numbers will vary. Focus on lender fees! These are usually on the first page in the section that shows points, processing and underwriting fees. It is there where you can compare lenders to determine if you are getting the best deal.
Title fees can vary by a few-hundred dollars. Lender fees, however, can vary by thousands of dollars! Mortgage brokers must disclose all of their fees on the settlement statement including back-end yield. Mortgage banks are NOT required to disclose back-end yield on the settlement statement, but must disclose points or other fees on the front-end. Processing and underwritting fees will vary lender-to-lender and sometimes state-to-state, but those are the fees to focus on.
Be in the know... informed decisions = better futures.
MySimplePayment.com: Your Go-To Simple Payment Calculator for Mortgages and Vehicle Loans
In today’s fast-paced world, making smart financial decisions is more important than ever! Whether you're buying a new or used car or truck, refinancing an auto loan, or applying for a mortgage loan, knowing your monthly payment upfront can make a world of difference. MySimplePayment.com offers the best simple payment calculator for everything from vehicle payments to mortgage financing.
All-in-One Payment Calculator for Auto and Mortgage Loans
Our easy-to-use simple payment calculator is designed to help you quickly get your exact monthly payment for both vehicle and home loans. Whether you're looking for a calculator that can quickly compute a car or truck payment, or a reliable mortgage payment, MySimplePayment.com puts you in control!
Just enter the loan amount, interest rate, and term, it’s that simple! Choose from 3, 4, 5, 6, or 7 years for a vehicle, or a 10, 15, 20 or 30-year fixed for a mortgage—and instantly see your monthly payment! It’s the easiest way to compare offers and plan your budget.
Vehicle Loan Tools That Help You Save
Buying a car or truck? Use our auto loan calculator to get a clear breakdown of your payments. Compare auto financing rates…explore 0%, 0.9%, 1.99%, 2.99% etc., or calculate your savings on a refinanced auto loan. With vehicle loan pre-approval becoming more common, knowing your payments in advance gives you a serious edge at the dealership!
Looking for the best vehicle financing offers? Our calculator helps you find deals that match your budget, whether you're shopping for a new, used or certified pre-owned auto or truck. Use it as your personal loan payment calculator to avoid surprises and stay in control.
Plan Your Mortgage with Confidence
Buying a home or considering refinancing? The mortgage loan calculator at MySimplePayment.com is built for accuracy and ease! You can quickly compare options for 10, 15, 20 or 30-year fixed rate terms or amortizations for "ARMS" (adjustabe rate mortgages) to determine which best fits your needs.
Explore current mortgage rates today and see how they affect your monthly payment. Try our calculator for refinancing a mortgage or to determine mortgage affordability with MySimplePayment.com. First-time buyer? Use our calculator to determine your payment on FHA and VA loans. Looking for a home equity line of credit? Use our calculator to help you smartly tap into your property’s value!
Why Choose MySimplePayment.com?
At MySimplePayment.com, we believe that financial tools should be simple, accurate, and accessible. Our simple payment calculator helps you make smarter decisions about vehicle and mortgage loans. No complicated formulas…no guesswork…just clear, accurate answers for your biggest financial decisions!
Whether you're comparing interest rates for vehicle loans, checking for the best mortgage lenders, or reviewing your loan financing options, MySimplePayment.com is here to help.
Be in the know…informed decisions = better futures