💰 Finance
Loan Comparison Calculator
A shorter term usually means a higher monthly payment but far less interest. A lower rate on a longer term can look cheaper month to month while costing more overall. This calculator shows both numbers so the trade-off is visible instead of implied.
Total cost of each loan
How it works
Amount borrowed
Loan A interest rate
Loan A term
Loan B interest rate
Loan B term
Loan A monthly payment
Loan B monthly payment
Loan A total paid
Loan B total paid
Loan A total interest
Loan B total interest
Total interest saved by the cheaper loan
Frequently asked questions
How do I use the Loan Comparison Calculator?
Fill in the fields above — the result recalculates instantly as you type. Everything runs in your browser, so the values you enter are never collected or stored.
Is this calculator free?
Yes. It is completely free, requires no account, and works on phones, tablets and desktops.