Loan Comparison Calculator
Compare two loan offers side by side.
Enter your values
Results update instantly as you type — no submit needed.
Results
- Cheaper overall
- Offer A
- Offer A payment
- $592.62
- Offer B payment
- $436.82
- Offer A total cost
- $35,557.29
- Offer B total cost
- $36,692.87
- Lifetime difference
- $1,135.57
Quick answer
The cheapest loan is the one with the lowest total of payments plus fees, which is not always the one with the lowest monthly payment.
How to use the Loan Comparison Calculator
- 1Enter the amount you need to borrow.
- 2Enter the rate and term of each offer.
- 3Compare total cost, not just the payment.
Frequently asked questions
Why is a longer term more expensive?
You pay interest for more years even at a lower rate.
Should I include fees?
Yes — add them to the loan amount or compare APRs instead.