Loan Comparison Calculator

Put two or three loan offers side by side to see which costs least overall and which has the lowest payment.

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Leave loan 3 blank if you only have two offers.
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Lowest total cost
Loan 1
Loan 2
Loan 3
Lowest total cost
Lowest payment
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How to Compare Loans

Compare total cost (all payments plus fees) for the same amount borrowed, and compare APRs, which fold fees into the rate. A longer term lowers the payment but usually raises the total interest.

Total cost = monthly payment × months + upfront fees

Worked Example

Tips

Fees are treated as paid up front (reducing the cash you receive) for the APR. Also weigh prepayment penalties, variable rates and flexibility.