Loan Comparison Calculator
Compare multiple loan options side by side
Loan Details
Typical: 5% - 10%
Loan Summary
Loan Details
Financial Disclaimer
This calculator provides estimates for informational purposes only. Actual loan terms, rates, and payments may vary. This is not financial advice. Consult with a qualified financial advisor or lender for specific guidance. PayoffCalculator.io is not a lender and does not provide loans.
How to Use This Loan Comparison Calculator
Enter details for up to 3 loans you're comparing. Include the loan amount, interest rate, term, and any fees. The calculator shows a side-by-side comparison highlighting the best option for each metric.
Understanding Loan Comparison Loans
When comparing loans, look beyond the monthly payment. Total cost includes all interest over the loan's life. A lower rate or shorter term can save thousands, even if the monthly payment is slightly higher.
Tips for Getting the Best Loan Comparison Rate
Get official loan estimates from lenders to compare real numbers. Factor in closing costs and fees. Consider how long you'll actually keep the loan - if you'll move or refinance in 5 years, upfront costs matter more.
Frequently Asked Questions
Compare monthly payment, total interest paid, total cost (principal + interest), APR (not just rate), fees, and loan term. Also consider flexibility of prepayment and lender reputation.