Loan Comparison Calculator

Loan Term (Months)

Interest Rate (%)

Principal Amount

Monthly Payment

TOTAL INTEREST

Use this calculator to compare the monthly payments and total interest of up to four loans.

Instructions: To calculate the payment amount and the total interest of any fixed term loan, simply fill in the 3 left-hand cells of the first row and then click on "compute." Use the other three rows to see what effects are produced by changing any one of the loan's original variables.

Note: This calculator is solely for information purposes and provides reasonably accurate results. The calculations are not intended to be relied upon as actual results.