Loan Comparison Calculator

Your details

The price or amount borrowed. Every option is compared on this same starting figure.
Cash paid upfront. The amount actually financed is the loan amount minus this. Applies to every option.
%
years
Upfront origination fees, points or closing costs charged on this loan. Added to its true cost.
%
years
Upfront origination fees, points or closing costs charged on this loan. Added to its true cost.
Currency
Lowest total costLoan A costs least
Loan A costs least
Loan A, monthly payment$500.95
Loan B, monthly payment$365.21
Loan A, total interest$5,057
Loan B, total interest$5,678
Loan A, true cost (interest + fees)$5,057
Loan B, true cost (interest + fees)$5,678
Saved vs the priciest option$621
Loan A true cost$5,057
Loan B true cost$5,678
Loan C true cost-

Loan A costs least

  • True cost including fees: Loan A 5,057 and Loan B 5,678.
  • Loan B has the smallest monthly payment, while Loan A is cheapest overall once interest and fees are counted.
  • A longer term lowers the monthly payment but stretches out interest, so the easiest payment is not always the cheapest loan.

Next stepChoosing the cheapest option saves about 621 versus the priciest one here. Confirm each quote includes all fees before deciding.

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