Loan Comparison Calculator
Compare up to 4 loans side by side with different amounts, interest rates, and terms. See monthly payments, total cost, total interest, and get a best deal recommendation.
| Metric | Loan A | Loan B |
|---|---|---|
| Loan Amount | $250,000.00 | $250,000.00 |
| Interest Rate | 6.5% | 5.75% |
| Term | 30 years | 15 years |
| Monthly Payment | $1,580.17 | $2,076.03 |
| Total Interest | $318,861.22 | $123,684.54 |
| Total Cost | $568,861.22 | $373,684.54 |
| Effective Interest | 127.54% | 49.47% |
Total Cost Comparison
How to Compare Loans
- Enter each loan's amount, interest rate, and term.
- Add up to 4 loans to compare side by side.
- View monthly payments, total cost, and interest for each loan.
- The calculator recommends the best deal based on lowest total cost.
What to Consider When Comparing Loans
Lower monthly payments do not always mean a better deal. A longer term loan with lower payments may cost significantly more in total interest. Compare the total cost of each loan, and consider how long you plan to hold the loan. Also factor in closing costs, fees, and prepayment penalties.
Features
- Compare 2-4 loans side by side
- Monthly payment, total cost, and total interest
- Visual bar chart comparison
- Best deal recommendation
- Export to CSV
- Copy results to clipboard
- 100% client-side, no data stored
Disclaimer:This tool is provided “as is” for informational and educational purposes only. Results may not be 100% accurate. ToolBird makes no warranties, express or implied, regarding the accuracy, reliability, or completeness of any output generated by this tool. This tool does not constitute professional, legal, financial, medical, or tax advice. Always consult a qualified professional for important decisions. By using this tool, you agree that ToolBird and its operators shall not be held liable for any damages, losses, or consequences arising from the use of this tool or reliance on its results. All processing occurs in your browser — we do not store, transmit, or access your data. Use at your own risk.