Borrowing money can be an expensive proposition. Even at relatively low interest rates, you may be surprised at the amount of interest you pay over the life of a loan. This calculator is designed to help you estimate the true cost of that loan you may be considering.       1. How much do you plan to borrow? $ 2. What interest rate do you expect to pay on this loan? % 3. What is the term of the loan (for how long will you be borrowing the money)? Enter in months; e.g., 360 for a 30-year loan. 4. What is your federal marginal tax bracket? 10%15%25%28%33%35%

*Carl A. Castanho is a Registered Representative and Investment Adviser Representative of Equity Services, Inc. Securities and investment advisory services are offered solely by Equity Services, Inc., Member FINRA/SIPC, 333 East River Drive, East Hartford, Connecticut 06108; Tel: (860) 289-2777.

Carl A. Castanho offers securities in the following states: CA, CT, FL, MA, NY, RI.  Carl is also insurance-licensed in Connecticut.