Loan comparison calculator
- Fill loan A and loan B: label, amount, APR, and term in years.
- Try quick scenarios, then paste your real quotes.
- Compare payment, total interest, and total paid; better cells highlight.
- Copy link to share both scenarios.
When to use it
Two lender offers, rate shopping, or shorter term vs lower payment. One loan schedule: loan calculator or amortization schedule.
Assumptions
Fixed-rate, fully amortizing monthly payments—no prepayment, insurance, or fees. Loan amount from payment; rate from payment.
Frequently asked questions
What loan type is compared?
Both sides use fixed-rate amortizing loans—level payment, no extras, fees, or insurance.
Different amounts or terms?
Yes—each loan keeps its own amount, rate, and term; we highlight lower payment and lower total interest.
Vs the main loan calculator?
For one loan and schedules, use the loan or amortization calculator. This page is for side-by-side choice.
Points and closing costs?
No upfront points or closing costs—adjust mentally if one loan has fees buying down the rate.
Can I share this scenario with someone?
Yes. Copy link below the form keeps your current inputs so you can share the scenario or save it for later.
Adjustable rates?
No—enter fixed-rate planning assumptions only.
Bank approval?
No—planning math only; lenders set final terms.