Loan Comparison Calculator
Compare two loan offers with one shared amount — see which costs less overall.
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Inputs
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Cheaper offer
Offer B
$944 less total than the costliest option
Offer B — lowest total payment
Best value
Best option = lowest total payment over the full term. Your cash-flow needs may still favor a lower monthly payment.
Offer A
$525.05
$31,503 total
Offer B
$509.31
$30,558 total
Side-by-side
| Metric | Offer A | Offer B |
|---|---|---|
| Amount | $25,000 | $25,000 |
| Rate | 9.50% | 8.20% |
| Term | 5 yr | 5 yr |
| Monthly | $525.05 | $509.31 |
| Total interest | $6,503 | $5,558 |
| Total payment | $31,503 | $30,558 |
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How this calculator works
Compare two loan offers with one shared amount — see which costs less overall.
How is it calculated?
Each offer uses the same principal with its own rate and term. We compare total of all payments.
Example
Same $25k: 9.5% for 5 years vs 8.2% for 5 years — lower rate usually wins on total cost.
Frequently asked questions
Why isn’t lowest EMI always best?+
A longer term can lower the monthly payment while increasing total interest. We highlight lowest total cost and show both metrics.