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Loan Comparison Calculator
Compare two loan offers side by side and see which one costs less overall.
Compare two loan offers
Offer A payment: — · interest: — · total: —
Offer B payment: — · interest: — · total: —
Result: —
How to use the Loan Comparison Calculator
- Enter the amount you plan to borrow.
- Fill in the interest rate and term for each of the two offers.
- Read which offer costs less and compare the monthly payments.
Features
- Two loan offers compared side by side
- Monthly payment, interest and total cost for each
- Clear verdict on which offer is cheaper
- Runs locally, no uploads
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Frequently Asked Questions
Common questions about the free online loan comparison calculator.
Enter the same amount for both, then set each rate and term and the tool shows the monthly
payment, interest and total cost of each.
The total cost is the fairest measure, because a lower monthly payment often means a longer
term and more interest overall.
Using one amount keeps the comparison fair, so any difference in cost comes only from the
interest rate and the term.
Rarely. A longer term lowers the monthly payment, but the extra months of interest almost
always push the total cost higher.
It adds up every payment on each offer and compares the two totals, then reports the
difference in money.
No, it compares interest and repayment only. Add any arrangement fee to the loan amount of
the offer that charges it.
The tool says so plainly, and you can then choose on the monthly payment, the term or the
flexibility of each deal.
No. The comparison runs entirely in your browser and nothing you type is sent to a server.
This page compares two at a time, so run the cheaper offer against a third one to narrow the
field further.
Yes. It is completely free, requires no account and never limits how many comparisons you
make.
Last updated: October 10, 2026