Loan A-
Loan B-
EMIFORMULA · Loan Calculators
Loan Comparison Calculator
Compare two loans using the same calculation method. See payment, interest, fees, total estimated cost, payoff time and the underlying amortization schedule without being told what you should choose.
Language: English
Displayed loan amounts and results use the selected currency.
Comparison results
What the numbers show
The comparison describes calculated differences only. It does not account for lender-specific terms, taxes, insurance conditions or personal circumstances.
Loan A-
Loan B-
Loan A-
Loan B-
Loan A-
Loan B-
Cost structure
Interest and fees
Payoff time
Calculated timeline
| Metric | Loan A | Loan B |
|---|---|---|
| Loan amount | - | - |
| Interest rate | - | - |
| Calculated term | - | - |
| Scheduled payment | - | - |
| Total interest | - | - |
| Total fees | - | - |
| Total repayment | - | - |
| Total estimated cost | - | - |
Cumulative cost
Estimated cash cost over time
Amortization schedule comparison
Rows are aligned by payment period. When one loan ends earlier, its later columns remain blank rather than inventing payments.
Show Loan A schedule only
Show Loan B schedule only
Fee comparison
Fee breakdown
Where the fees come from
Export
Take the calculation with you
Method
How this comparison is calculated
Payment
Each loan uses a standard amortization formula based on the entered principal, annual interest rate, number of payments and payment frequency. A zero-interest loan divides principal across its scheduled payments.
Interest and principal
Each payment is split into interest and principal. Interest is calculated from the opening balance for that payment period, and the remaining balance is reduced by the principal portion.
Fees
Upfront charges and recurring charges are kept separate from interest. Entered prepayment charges are treated as fees rather than interest.
Estimated total cost
Total estimated cash cost combines scheduled principal and interest payments with entered fees. It is an estimate based only on the assumptions entered here.
Assumptions
Important limitations
- This tool does not model lender-specific amortization rules, taxes, changing insurance premiums, or contractual conditions unless you enter them as applicable costs.
- Actual loan offers can include charges or rate structures that differ from the assumptions entered here.
- Comparison results describe calculated numerical differences. They are not a recommendation to choose either loan.
FAQ
Loan comparison questions
How does the Loan Comparison Calculator compare two loans?
It calculates each loan using its amount, interest rate, term, payment frequency and entered fees, then compares scheduled payment, interest, fees, estimated total cost and payoff time.
Are fees included in the estimated total cost?
Yes. Entered upfront fees and recurring fees are shown separately and included in estimated cash cost. A prepayment charge is treated as a stated cost, not as interest.
Does the calculator recommend which loan to choose?
No. It reports numerical differences such as payment, interest, fees, total estimated cost and payoff time. The financial decision remains with you.
What assumptions does the amortization use?
The calculator uses a standard amortization model based on the entered annual rate, term and payment frequency. Actual lender terms and contractual charges can differ.