Compares two loan offers side by side to identify the better deal.
The loan comparison calculator places two loan offers side by side — different rates, terms, or fees — and shows which is cheaper in total cost.
Monthly payment = P × r × (1+r)^n / ((1+r)^n − 1) where r = annual rate/12 Total cost = Monthly payment × n + upfront fees Difference = Total cost A − Total cost B
Loan A: $15,000 at 6%, 48 months, no fee. Monthly ≈ $352, total = $16,896. Loan B: $15,000 at 5.5%, 60 months, $300 fee. Monthly ≈ $288, total = $17,580 + $300 = $17,880. Loan A is $984 cheaper despite the higher rate.
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