Loan Comparison Calculator

Compares two fixed-rate loans of equal principal held to maturity. Excludes prepayment and cash-flow discounting.

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Result

Enter your values and run the tool to see your result.

Check the units, enter your values, and run the tool. Results follow the assumptions and method below.

A monthly paymentratea == 0 ? principal/monthsa : principal*(ratea/1200)/(1-(1+ratea/1200)^(-monthsa))

B monthly paymentrateb == 0 ? principal/monthsb : principal*(rateb/1200)/(1-(1+rateb/1200)^(-monthsb))

A lifetime interest and fees((ratea == 0) ? principal/monthsa : principal*(ratea/1200)/(1-(1+ratea/1200)^(-monthsa)))*monthsa+feea-principal

B lifetime interest and fees((rateb == 0) ? principal/monthsb : principal*(rateb/1200)/(1-(1+rateb/1200)^(-monthsb)))*monthsb+feeb-principal