Loan Comparison Calculator
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How do I compare loans with different terms?
This calculator will calculate the monthly payment and interest
costs for up to four loans -- all on one screen -- for comparison purposes.
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.
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| Principal |
Interest
Rate |
# of
Payments* |
Compute |
Monthly
Payment |
Total
Interest |
Reset |
* Note:
30 years = 360 payments
15 years = 180 payments
This calculator is just a beginning point. Let us find the right loan program for you.
Contact us for a free mortgage quote.
There's no obligation, we look forward to working with you.
