Loan Comparison Calculator
Which of two loans is cheaper overall, counting fees?
Combines 1 calculatorsv1.0.0Verified 2026-11-01Runs in your browser
Spec sheet
loan_compare_total_cost · v1.0.0Method
Two runs of finance.loan.payment, compared on total cost
- 01
total cost = all payments + upfront fees - 02
difference = total cost B − total cost A
Composed from
Limits — read before relying on it
- Assumes both loans are held to full term; early payoff or refinancing changes which is cheaper.
- Does not discount future payments (no time value of money).
Sources
- Annuity payment formula (present value of an ordinary annuity)formula