Compare the monthly payment and total cost of two competing loan offers side by side.
Loan A monthly payment—USD
Loan A total cost—USD
Loan B monthly payment—USD
Loan B total cost—USD
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About the Loan Comparison Calculator
Loan offers with different rates and terms can be hard to compare at a glance — a lower rate with a longer term can still cost more in total than a higher rate with a shorter term. This calculator lays both options side by side.
Formula: Each loan's monthly payment uses M = P × [r(1+r)n] ÷ [(1+r)n − 1]; total cost is that payment multiplied by the number of months.
Always compare total cost, not just the monthly payment — a smaller monthly payment stretched over a much longer term frequently ends up costing significantly more in interest.