Cosigner Loan Calculator
Estimate how adding a cosigner might improve your loan terms. Enter the loan amount and compare a higher rate (without cosigner) to a lower rate (with cosigner approval).
Calculate your payment
Enter values to calculate.
How it works
We don't change your credit; we show payment and total cost at two different rates so you can see the benefit of a stronger application with a cosigner.
When to use it
Use when considering asking a family member or other cosigner to help qualify or get a better rate.
Frequently asked questions
Is the cosigner responsible for the debt?
Yes. If you don't pay, the lender can require the cosigner to pay. Cosigning is a serious commitment.