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Equal totals do not erase different payment timing
Two schedules may add to similar amounts while requiring money on different dates.
The timing can affect whether income and essential outgoings can support the commitment.
Keep the dated cash-flow view beside the cost comparison. It explains a practical difference without claiming that one arrangement is universally affordable.
Work through the repayment planning guide
Definitions
- Total repayable
- Sum payable under the stated schedule and its assumptions; contingent charges and changes must be considered separately.
- Amount received
- Money actually made available to the borrower, which can differ from the stated loan amount if a charge is deducted.