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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.

Table of Contents:

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