Loan Comparison Calculator
Compare two loans side-by-side. See monthly payments, total cost, and interest differences to choose the best option.
Loan 1 Monthly Payment
$1,264.14
Loan 2 Monthly Payment
$1,330.6
Monthly Payment Difference
-$66.47
Total Cost Difference
-$23,928.82
Inputs
Comparison
Loan 1 Total Cost
$455,088.98
Loan 1 Total Interest
$255,088.98
Loan 2 Total Cost
$479,017.8
Loan 2 Total Interest
$279,017.8
Formula
Monthly Payment = P × [r(1+r)^n] / [(1+r)^n - 1]Related Calculators
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