Loan Comparison Calculator
Compare different loan offers to find the best option based on payments and total costs.
Loan A
Loan B
Loan Comparison Chart
Loan Comparison
| Metric | Loan A | Loan B | Better |
|---|---|---|---|
| Loan Amount | $25,000 | $25,000 | - |
| Interest Rate | 8.50% | 9.20% | A |
| Term (months) | 60 | 48 | B |
| Origination Fees | $500 | $200 | B |
| Monthly Payment | $513 | $625 | A |
| Total Interest | $5,775 | $4,976 | B |
| Total Cost | $31,275 | $30,176 | B |
| Effective APR | 5.02% | 5.18% | A |
Cost Breakdown
Loan A
$513/month
Total Cost: $31275
Loan B
$625/month
Total Cost: $30176
Recommendation
Loan B Wins
Saves $1099 total
Monthly Payment Difference:$112
Interest Difference:$799
⚠️
⚠️ For Planning Purposes Only
These calculations are estimates for educational and planning purposes. Always consult with qualified financial professionals before making financial decisions.