Loan Comparison Calculator

This calculator will help you to compare the total interest charges of four different loans.

instructions: To calculate the payment amount and the total interest of any fixed term loan, simply fill in the three top cells of the first form and then select “compute.” Use the other three forms to see what effects are produced by changing any one of the loan’s original variables.

Loan 1

# of Payments

Interest Rate

Principal

Monthly Payment

Total Interest

Loan 2

# of Payments

Interest Rate

Principal

Monthly Payment

Total Interest

Loan 3

# of Payments

Interest Rate

Principal

Monthly Payment

Total Interest

Loan 4

# of Payments

Interest Rate

Principal

Monthly Payment

Total Interest