Truck Accident Lawsuit Loan Calculator
Advance amount · Simple vs. compounding interest · Rate cap · Net payout after fees
Month-by-month balance
| Month | Interest accrued | Cumulative interest | Balance owed |
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Same advance and timeline, different terms
How to use this calculator
Compare simple vs. compounding first
Switching "Interest type" from Compounding to Simple at the same rate can be one of the biggest cost differences in the whole contract, especially for cases that run past a year. Check the "Compare" tab to see the gap side by side.
A rate cap protects you if the case drags
Turn on the rate cap and set it to whatever your funder offers (often 24-36 months). Then push the "Months until settlement" slider out further to see how much a cap can save you if your case takes longer than expected.
Your payout isn't just settlement minus the loan
Attorney contingency fees and medical liens usually come out first. Fill in the "Estimated settlement & payout details" section to see a realistic estimate of what actually lands in your pocket.
Borrow only what you need
Because interest accrues on the full advance from day one, a smaller advance held for the same number of months always costs less in absolute terms, even at the same rate.
Ask if the "monthly rate" is the whole story
Some contracts add application, underwriting, or processing fees on top of the monthly rate. This calculator only models the stated monthly rate, so ask your funder directly whether anything else gets added to the balance.
Treat this as an estimate, not a quote
Real contracts vary by state, lender, and case type. Use the "Verify" tab to see the underlying math, and always confirm the actual terms in writing before you sign anything.
Frequently asked questions
How much are most truck accident settlements?
Settlement amounts vary enormously based on injury severity, medical costs, lost wages, and which parties are found liable. Multi-vehicle commercial truck cases can range from tens of thousands of dollars to seven figures, and your attorney is in the best position to estimate a realistic range for your case.
What is a settlement loan?
A settlement loan, also called pre-settlement funding or a lawsuit loan, is a cash advance against money you expect to receive from a pending lawsuit. It's non-recourse, meaning repayment only comes from the settlement itself.
Will a truck accident loan affect my credit?
No. These advances aren't reported to credit bureaus and don't involve a credit check, since approval is based on the strength of your legal case rather than your financial history.
Do I have to repay the loan if I lose my case?
In most non-recourse agreements, no, but this varies by lender and should be confirmed in writing before you sign anything.
What's the difference between simple and compounding interest here?
Simple interest is charged only on the original advance, so it grows at a steady rate. Compounding interest is charged on the advance plus interest already accrued, so the balance grows faster the longer the case takes. A rate cap limits how long charges keep accruing either way.
Is this calculator accurate?
The math follows standard simple- and compound-interest formulas and is self-checked on the Verify tab. Real contracts can include fees, tiered rates, or rounding your funder applies differently, so treat this as a close estimate rather than a final figure.
Want the full picture before you sign?
This calculator estimates the math, but the contract terms themselves are worth understanding first. Our guide covers how truck accident lawsuit loans actually work, what they cost, when they make sense, and cheaper alternatives worth ruling out first.
Read: Truck Accident Lawsuit Loans, How Pre-Settlement Funding Really Works →Disclaimer
This calculator is provided for general informational and educational purposes only and does not constitute financial or legal advice. It is not affiliated with, endorsed by, or a substitute for consultation with a licensed attorney or funding company.
All figures, including total owed, interest, effective annual rate, and net payout, are approximations based on the numbers you enter and standard simple- or compound-interest formulas. They do not account for application fees, underwriting costs, tiered or escalating rates, state-specific regulations, or other terms an actual funding contract may include.
The "effective annual rate" shown is calculated from the monthly rate and timeline you enter; it is not a regulatory APR disclosure. Pre-settlement funding is generally structured as non-recourse, but whether you owe anything if your case doesn't succeed depends entirely on your specific contract, confirm this in writing before signing.
FinToku is not a lender or law firm and does not broker, originate, or guarantee funding. Use of this tool does not create any financial or legal relationship between you and FinToku. Before signing any funding agreement, talk to your attorney and review the contract terms carefully. See FinToku's full Financial Disclaimer for more.
Free tool by FinToku · Results are indicative. Consult your attorney or funding company for exact figures.