Loan Comparison Calculator
Compare multiple loan options side by side to find the best financing solution for your needs. Analyze monthly payments, total interest costs, and overall loan expenses to make an informed decision.
Compare Loan Options
Compare up to 5 loans side by side
Our comprehensive loan comparison calculator helps you evaluate up to 5 different loan options simultaneously. Whether you're comparing mortgages, auto loans, personal loans, or any other type of financing, this tool provides clear side-by-side comparisons of monthly payments, total interest costs, and overall loan expenses to help you make the best financial decision.
Enter Loan Details
Input the loan amount, APR, and term for each loan option you want to compare.
Calculate & Compare
Our calculator computes monthly payments, total interest, and identifies the best option.
View Results
See detailed comparisons, charts, and recommendations to make your decision.
Key Comparison Metrics
Monthly Payment:
The amount you'll pay each month. Lower monthly payments may seem attractive but could mean higher total costs over time.
Total Interest:
The total amount you'll pay in interest over the life of the loan. This is often the most important factor in determining the best loan option.
Total Cost:
The sum of all payments you'll make (principal + interest). This represents the true cost of borrowing and is crucial for comparison.
Savings/Difference:
How much more or less each option costs compared to the best (lowest total cost) option.
Before You Apply:
- ✓Check your credit score and report for errors
- ✓Shop around with multiple lenders within 14-45 days
- ✓Get pre-approved to understand your borrowing power
- ✓Calculate what monthly payment fits your budget
When Comparing Offers:
- ℹCompare APR, not just interest rates
- ℹRead all loan terms and conditions carefully
- ℹAsk about all fees and closing costs
- ℹUnderstand prepayment penalties and restrictions
💡 Pro Tip: Multiple loan inquiries within a 14-45 day period typically count as a single inquiry on your credit report, so shop around without worrying about hurting your credit score!