Loan Comparison Calculator

Compare two loan offers on the same amount — payment and total cost — to see which is cheaper overall.

Your details

Loan amount$Offer A — rate%Offer A — term (years)Offer B — rate%Offer B — term (years)

Offer A payment

$1,896.20

Offer B payment: $2,531.57
Offer A total cost: $682,633.47
Offer B total cost: $455,682.69

Offer A payment$1,896.20

Formula

Each offer is amortized at its rate and term; total cost = payment × number of payments.

Sources & methodology

•CFPB — loans — CFPB

Last updated: 2026-07-20

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