The gap between the note amount and usable cash
Expose the difference between nominal loan amount and usable cash.
Use the offer's amount, fee, rate and term
- Stated loan amount
- Interest rate, term and scheduled payment disclosure
- Origination fee and how it is collected
- The net cash actually needed for the purchase or purpose
Trace the withheld fee through repayment
Enter the full obligation.
Enter any fee withheld from proceeds.
Compare the result with a no-fee quote.
Read net proceeds before looking at payment
Payment is calculated on the stated loan amount while net proceeds subtract the entered fee.
Loan Origination Fees: Compare the Net Proceeds, Not the Headline Amount covers the controlling document terms and questions outside this result.
Compare a fee loan with a clean offer
A fee is withheld before loan funds arrive
Enter the full balance owed and the percentage withheld as an origination fee. Compare usable proceeds with the amount you actually need, then compare repayment with a no-fee offer. Use the lender's disclosed APR for the formal comparison because this worksheet does not calculate regulatory APR.
Why this is not a regulatory APR calculation
- Official disclosed APR
- Other finance charges
- Fee refunds or state limits