Loan Comparison Calculator

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