Money Factor (MF) Calculator

Calculate your money factor and interest with our easy-to-use calculator. Enter the interest rate or amount to get instant results.

Result Money Factor 0 moneyFactor Interest 0%

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Money Factor Formula

Money factor = Interest rate / 2400

7.5% interest rate: Money factor = 7.5 / 2400 = 0.003125.

Interest Formula

Interest = Amount * 2400

Amount = $1000 = 1000 * 2400 = 2,400,000%.

Meaning

The Money Factor, also known as MF, is a measure used to compare different loan options. It represents the total cost of borrowing money over a certain period of time. In simple terms, it shows how much more you will pay for your loan compared to another option.