Loan Comparison Calculator
Compare up to three fixed-rate loans side by side and see which costs less overall.
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Inputs
Updates live as you type — Calculate syncs a shareable URL.
Lower total cost
Loan B
$944 less than the highest-cost option
Loan B — lowest total payment
Best value
Best option = lowest total payment over the full term. Your cash-flow needs may still favor a lower monthly payment.
Loan A
$525.05
$31,503 total
Loan B
$509.31
$30,558 total
Loan C
$437.11
$31,472 total
Side-by-side
| Metric | Loan A | Loan B | Loan C |
|---|---|---|---|
| Amount | $25,000 | $25,000 | $25,000 |
| Rate | 9.50% | 8.20% | 7.90% |
| Term | 5 yr | 5 yr | 6 yr |
| Monthly | $525.05 | $509.31 | $437.11 |
| Total interest | $6,503 | $5,558 | $6,472 |
| Total payment | $31,503 | $30,558 | $31,472 |
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How this calculator works
Compare up to three fixed-rate loans side by side and see which costs less overall.
How is it calculated?
Each loan uses the standard amortizing payment formula. We compare total of all payments, not just the monthly amount.
Example
Same principal with a lower rate usually wins on total cost — unless a longer term inflates interest.
Frequently asked questions
Why isn’t lowest EMI always best?+
A longer term can lower the monthly payment while increasing total interest. We highlight lowest total cost and show both metrics.