365/365 Day-Count Loan
Standard actual/actual loan — interest is computed using a true 365-day year. Shown side by side with 365/360 so you can see the difference.
Loan
Results
365/365 monthly payment
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365/365 total interest
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365/365 total paid
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365/360 monthly payment
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365/360 total interest
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Saved by using 365/365
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365/365 (actual/actual) is the consumer-friendly standard. Consumer mortgages and auto loans almost always use it.