Loan Comparison Calculator
Compare up to three loan offers side by side — monthly payment, total interest, fees and true APR — to find the cheapest.
For information and education only — not financial advice. Results are estimates based on the numbers you enter; check important decisions with a qualified professional.
How to use
- 1Enter the amount, rate, term and upfront fees for each offer.
- 2The cheapest total cost is highlighted; the true APR folds fees into the rate.
How it's calculated
True APR is the rate at which the monthly payment would repay the amount you actually receive (loan − fees), found numerically.
Frequently asked questions
Why compare APR instead of the interest rate?
APR includes fees, so a loan with a lower rate but big origination fees can cost more than one with a slightly higher rate and no fees.
Should I just pick the lowest payment?
Not necessarily. A longer term lowers the payment but usually raises the total cost. Compare total cost too.
Are fees added to the loan or paid upfront?
Either way the cost is similar. Here fees are treated as deducted from what you receive, which is how APR is calculated.