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Professional Financial Tool
Loan Comparison Calculator
Compare multiple loan offers side by side. Find the best deal and save thousands over the life of your loan.
Loan Option A
Loan Option B
Recommendation
Loan A is Cheaper
You save $0 in total costs.
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Cost Comparison
How this Loan Comparison Calculator works
Enter the details for up to three different loan offers. We calculate the monthly payment, total interest, and total cost for each, allowing you to instantly see which loan is the better financial decision.
Why this matters for your wealth
Lenders often manipulate terms to make loans look attractive (e.g., lower monthly payments but longer terms). Comparing the 'Total Cost of Loan' is the only honest way to evaluate debt. Don't fall for the monthly payment trap.
Frequently Asked Questions
Is a lower interest rate always better?
Usually, yes. However, watch out for high closing costs or origination fees that might negate the savings from a slightly lower rate.