Finance
Loan payment
Estimate monthly payments and total interest.
Calculators / Finance / Loan comparison
Loan comparison calculator
Compare payments and total interest for two fixed-rate loan offers.
On this page
Offer A monthly payment483.32
Offer A total interest3,999.2
Offer B monthly payment610.32
Offer B total interest4,295.51
Calculator controls
How to calculate
Compare payments and total interest for two fixed-rate loan offers.
payment = principal × monthly rate ÷ (1 − (1 + monthly rate)^−months)
Worked example
Amount borrowed: 25000; Offer A APR (%): 6; Offer A term (months): 60; Offer B APR (%): 8; Offer B term (months): 48.
Offer A monthly payment: 483.32 ; Offer A total interest: 3,999.2 ; Offer B monthly payment: 610.32 ; Offer B total interest: 4,295.51 .
Assumptions and limits
Compare fees, insurance, prepayment rules, timing, and the same borrowed amount. A lower payment can cost more over a longer term.
Results are rounded for display; calculations use unrounded values. Read our calculation methodology.
Understanding the result
Compare payments and total interest for two fixed-rate loan offers. The calculation keeps the assumptions visible instead of relying on hidden market data.
When this tool is useful
Use this calculator to compare a financial or operating scenario before confirming the figures with the relevant provider or records.
Understanding your inputs
| Input | What to enter |
|---|---|
| Amount borrowed | Enter a number of at least 0.000001 and no more than 1000000000000. |
| Offer A APR (%) | Enter a number of at least 0.000001 and no more than 100. |
| Offer A term (months) | Enter a number of at least 1 and no more than 1200. |
| Offer B APR (%) | Enter a number of at least 0.000001 and no more than 100. |
| Offer B term (months) | Enter a number of at least 1 and no more than 1200. |
Frequently asked questions
What should I verify before relying on this result?
Compare fees, insurance, prepayment rules, timing, and the same borrowed amount. A lower payment can cost more over a longer term.
Does this calculator retrieve live financial data?
No. It uses only the values entered on this page, so rates and balances remain transparent and editable.