Loan Comparison Calculator  
 

Examples:
Calculate the loan comparison for the loans taken at different interest rates.
Loan 1 = 100000 at 5% for 4 years
Loan2 = 10000 at 2% for 2years
Loan 3 = 150000 at 5% for 5 years
Loan 4 = 100000 at 2% for 2 years
Solution:
Loan 1:
Monthly Payment = 2302.99
Monthly Difference = 1886.262
Annual Difference = 22635.144
Loan 2:
Monthly Payment = 4254.026
Monthly Difference = 4087.359
Annual Difference = 49048.308
Loan3:
Monthly Payment = 2830.685
Monthly Difference = 2205.685
Annual Difference = 26468.22
Loan4:
Monthly Payment = 4387.139
Monthly Difference = 3970.472
Annual Difference = 47645.664