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Loan Comparison Calculator

Loan Comparison is term loans. Mortgage Loan Comparison Calculator computes an estimate of the size of your monthly loan payments for four loans at the same time.

Loan Comparison Calculator

First Loan: Second Loan: Third Loan: Fourth Loan:
Loan Amount:
Interest Rate:
Term (years):
Monthly Payment:
Monthly Difference:
Annual Difference:

Table of Contents:

    Is This Tool Helpful?

         

    Mortgage Loan Comparison Calculator computes an estimate of the size of your monthly loan payments for four loans at the same time. You can also use it to compare the monthly financial payment, monthly and annual difference for different loan amount, interest rates and terms.

    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