Compare Loans or Mortgages

Compare the costs associated with multiple loans by entering their parameters below. Press the calculate button to add it to the summary table. Add several loans or mortgages to see the true costs over the full term of the loan.

Loan Summary Table

Loan Name Monthly Payment* Loan Amount Total Interest Total Fees Total Cost
Each loan's payment information will be added here. Click on a column header to sort the table.

* Monthly Payment - This is the cost that must be paid per month to pay off the loan by the end of the term. It includes interest and any yearly fees that were entered. For example, a yearly fee of $2,500 adds approximately $208 to the monthly payment. Some fees may not be paid monthly but it helps to include this to make it comparable to other loans with different fees.
Total Interest - This is the total amount of interest that will be paid by the end of the loan.
Total Fees - This is the total cost of the yearly fees that will be paid by the end of the loan.
Total Cost - This is the total cost of the loan. It includes the original loan amount plus interest and fees.