18% fee over 180 months
- Input
- carta de R$ 300 mil
- Expected output
- 1,2% ao ano | R$ 300 por mês | R$ 54.000
Plus a 2% reserve fund: R$ 6,000.
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consorcio admin fee how much does it cost per year
Enter the total admin fee and reserve fund from the offer and the plan term. The calculator shows the payment, the total paid and the effective yearly cost, which is the figure comparable to loan interest.
Plus a 2% reserve fund: R$ 6,000.
Plus R$ 120 of insurance at 0.04% a month.
R$ 300,000 home, 10% gross yield.
Immediate contemplation has the lowest cost.
Almost double the 180-month home plan.
With a 2% reserve fund and 0.04% monthly insurance.
It depends on when you need the asset and what money earns. For a R$ 300,000 home, a 180-month consórcio with an 18% admin fee and 2% reserve fund, a 15-year SAC loan at 11.5% with R$ 60,000 down, index and appreciation of 4.5% and fixed income at 10% gross, the consórcio contemplated in month 36 costs about R$ 289,000 in today's money, against R$ 350,000 for the loan. Investing the payment and buying in cash costs about R$ 203,000, but the home only arrives in month 120. The more urgent the asset, the more the loan makes sense.
The rule asks for proportional charging over the plan months (art. 19), with room to bring part forward for immediate share-selling expenses and representative pay (art. 20, II). The calculator spreads the fee evenly; if your offer front-loads part of it, the real effective cost will be a little higher.
It covers shortfalls in the group, such as draw contemplations and loss of purchasing power, and the fate of any leftover depends on the contract and the rule. The calculator treats it as a cost, which is the conservative assumption.
After a member is excluded no admin fee is charged (art. 21), and the termination penalty has a cap tied to what remains of the fee (art. 32-A). Read the contract before signing.
In today's money, the lowest-cost path is: Invest the payment and buy in cash, at R$156,456.
Consórcio contemplated in month 36: R$231,822, against R$302,868 for the loan. That is R$71,046 less.
In any contemplation month, the consórcio comes out cheaper than the loan under these assumptions.
Investing the consórcio payment and buying in cash takes until month 104 to own the asset and costs R$156,456.
Assumptions: asset appreciates 4.7% a year, credit adjusted 4.7% a year, fixed income at 14.8% gross, or 12.6% after the 15% tax, which is also the discount rate.
R$231,822
R$302,868
R$156,456
Present value: the sum of everything that leaves your pocket (down payment, payments, bid, top-up and waiting cost), discounted at 12.6% a year. Lower present value means more wealth at the end, because the asset is the same on all three paths.
If contemplation depended only on a draw, with equal odds every month, the expected cost would be R$225,404 (best month: R$221,402; worst: R$233,514).
| Month | Present-value cost | Versus the loan | Effective cost p.a. | Total paid in contract |
|---|---|---|---|---|
| 1 | R$222,129 | -R$80.7K | 7.5% | R$519,896 |
| 6 | R$227,558 | -R$75.3K | 8.1% | R$519,896 |
| 12 | R$233,514 | -R$69.4K | 8.8% | R$519,896 |
| 24 | R$232,638 | -R$70.2K | 9.8% | R$519,896 |
| 36 | R$231,822 | -R$71.0K | 11.3% | R$519,896 |
| 48 | R$231,064 | -R$71.8K | 13.8% | R$519,896 |
| 60 | R$230,359 | -R$72.5K | 18.1% | R$519,896 |
| 72 | R$229,703 | -R$73.2K | 26.7% | R$519,896 |
| 96 | R$228,526 | -R$74.3K | n/a | R$519,896 |
| 120 | R$227,508 | -R$75.4K | n/a | R$519,896 |
| 150 | R$223,740 | -R$79.1K | n/a | R$519,896 |
| 180 | R$225,525 | -R$77.3K | n/a | R$519,896 |
Green: the consórcio costs less than the loan. Amber: it costs more. Effective cost n/a: what you would already have saved covers over 70% of the credit, and the rate stops being informative.
Simulation with editable assumptions, not advice. Check fees, index, bid and contemplation rules in the group contract and in the bank offer.