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Loan Comparison Calculator

Compare two or more loan offers side by side.

United States · USD. This page uses a shared calculation model and may include US-specific assumptions. Selecting a country changes formatting, not local tax, eligibility or contribution rules. Amounts are not converted between currencies.

Input Parameters

$25,000
$0$250,000
6.5%
0%100%
3
130
8%
0%100%
5
130

Results

Option A Payment
$766
Option B Payment
$507
A: Total Interest
$2,584
B: Total Interest
$5,415

Option Comparison

Option ComparisonOption A (6.5%/3yr): Payment $766, Interest $2,584. Option B (8%/5yr): Payment $507, Interest $5,415. Use the chart value controls or data table below to read all values.$0$1,480.5$2,961$4,441.5$5,922Option A (6.5%/…Option B (8%/5yr)Option A (6.5%/3yr) — Payment: $766Option A (6.5%/3yr) — Interest: $2,584Option B (8%/5yr) — Payment: $507Option B (8%/5yr) — Interest: $5,415
  • Payment
  • Interest

Choose a chart point to read its values.

View chart data table

Interest Comparison

Interest ComparisonThe values and percentages for each segment are listed below.A: Interest: $2,584B: Interest: $5,415
  • A: Interest$2,584 (32%)
  • B: Interest$5,415 (68%)

Disclaimer: This calculator provides estimates for informational purposes only. Results are based on the inputs provided and standard financial formulas. Consult a qualified financial advisor before making financial decisions.

About This Calculator

The Loan Comparison Calculator compare two or more loan offers side by side. It's built for anyone working with loans & debt who wants fast, accurate numbers without building a spreadsheet.

Sources & Model Limits

United States · USD. This page uses a shared calculation model and may include US-specific assumptions. Selecting a country changes formatting, not local tax, eligibility or contribution rules. Amounts are not converted between currencies. Read our methods and correction policy.

    How It Works

    Enter your loan amount, option a rate (%), option a term (years), option b rate (%), option b term (years), and the calculator instantly computes your option a payment, option b payment, a: total interest, b: total interest. For example, with Loan Amount: $25,000, Option A Rate (%): 6.5%, Option A Term (Years): 3, Option B Rate (%): 8%, Option B Term (Years): 5, the option a payment comes out to $766.

    Key Benefits

    • 1See your option a payment update instantly as you adjust any input
    • 2Compare different scenarios side by side before making a decision
    • 3Visualize the breakdown with a chart instead of raw numbers alone
    • 4Export your results as a PDF report or CSV file for your records

    Practical Tips

    • →Shop multiple lenders — even a small rate difference saves real money over the loan term
    • →Always compare the APR, not just the headline interest rate
    • →Extra payments toward principal shorten your payoff time and cut total interest
    • →Avoid extending loan terms just to lower the monthly payment — it usually costs more overall

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