Loan comparison calculator

Compare up to three loan offers by monthly payment, total interest and total cost including fees.

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Look past the monthly payment

A longer term gives a smaller monthly payment but usually costs much more in interest. Comparing the total cost, interest plus upfront fees, shows which offer is actually cheapest.

What to check in a loan offer

Compare the interest rate, term, origination fee, prepayment penalty and whether the rate is fixed. If one offer has a lower rate but a high fee, this calculator shows whether the fee wipes out the savings.

Frequently asked questions

Can I use this for car, personal or student loans?

Yes. Any fixed-rate loan with equal monthly payments works.

Why enter fees separately?

Origination and other upfront fees raise the true cost of a loan even when the rate looks low.

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