Financial Tools
Loan Comparison Calculator
Put the offers you have side by side. The cheapest loan is the one with the lowest total cost, which is almost never the one with the smallest monthly payment.
Offers
Values shown are examples. Enter the offers you actually received, fees are assumed to be added to the loan.
Which Offer Costs Least
| Cheapest Overall | n/a |
| Gap to the Most Expensive | n/a |
| Smallest Monthly Payment | n/a |
| Best Offer: Monthly Payment | n/a |
| APR | n/a |
| Term | n/a |
All Offers
| Offer | Payment | APR | Total Cost | vs Best |
|---|
For illustration only, not financial advice. Results are estimates based on the numbers you enter and do not constitute an offer, rate quote or approval.
Add real offers to the comparison.
Pull published APRs, terms and fees from lenders and drop them into this table.
Questions people ask
How does the page pick the cheapest offer?
For each offer it computes the monthly payment on the loan amount plus the origination fee, adds up the interest over the term, and adds the fee. The offer with the lowest total cost wins.
Why is the smallest monthly payment not always the cheapest loan?
A longer term spreads the loan over more payments, so each one is smaller, but interest runs for more months. The page shows a note when the offer with the smallest payment costs more in total.
How are origination fees handled?
The page assumes each fee is added to the loan, so it raises the payment and earns interest, and it also counts the fee itself in the total cost.
How many offers can I compare?
Up to four. Enter the amount, APR, term in months and origination fee from each offer you received.
