Loan Comparison Calculator
Compare up to 3 loan plans side by side. Monthly payment, total payment, and total interest are calculated with the best option highlighted.
Plan A
Plan B
Plan C (Optional)
How to Use the Loan Comparison Calculator
Enter multiple loan conditions and press "Compare" to calculate and display a comparison table of monthly payments, total payments, and total interest for each plan.
Formula
Calculated using the equal payment (fixed monthly) method. Monthly Payment = Loan Amount x Monthly Rate x (1 + Monthly Rate)^Total Months / ((1 + Monthly Rate)^Total Months - 1)
Tips
- Plans A and B are required. Plan C is optional.
- The plan with the lowest total interest is highlighted in green.