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| Loan | Mortgage | Car | Commercial | Student | Biweekly | Extra Payments | Payoff | Excel |
Loan Comparison Calculator
Loan Comparison Calculator to compare the monthly payments and total interest payments for two loans.
Loan Comparison Result |
||
Loan |
Loan 1 | Loan 2 |
|---|---|---|
Loan Amount |
$20,000.00 | $30,000.00 |
Monthly Payment: |
$382.02 | $310.92 |
Total # Of Payments: |
60 | 120 |
Start Date: |
May, 2023 | May, 2023 |
Payoff Date: |
Apr, 2033 | Apr, 2033 |
Total Interest Paid: |
$2,921.39 | $7,309.83 |
Total Payment: |
$22,921.39 | $37,309.83 |
Total Savings: |
$14,388.43 | $0.00 |
Loan 1 Amortization Schedule |
||||||
| Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
|---|---|---|---|---|---|---|
| May, 2023 | 1 | $91.67 | $290.36 | $382.02 | $19,709.64 | |
| Jun, 2023 | 2 | $90.34 | $291.69 | $382.02 | $19,417.96 | |
| Jul, 2023 | 3 | $89.00 | $293.02 | $382.02 | $19,124.93 | |
| Aug, 2023 | 4 | $87.66 | $294.37 | $382.02 | $18,830.56 | |
| Sep, 2023 | 5 | $86.31 | $295.72 | $382.02 | $18,534.85 | |
| Oct, 2023 | 6 | $84.95 | $297.07 | $382.02 | $18,237.78 | |
| Nov, 2023 | 7 | $83.59 | $298.43 | $382.02 | $17,939.34 | |
| Dec, 2023 | 8 | $82.22 | $299.80 | $382.02 | $17,639.54 | |
| Jan, 2024 | 9 | $80.85 | $301.18 | $382.02 | $17,338.37 | |
| Feb, 2024 | 10 | $79.47 | $302.56 | $382.02 | $17,035.81 | |
| Mar, 2024 | 11 | $78.08 | $303.94 | $382.02 | $16,731.87 | |
| Apr, 2024 | 12 | $76.69 | $305.34 | $382.02 | $16,426.53 | |
| May, 2024 | 13 | $75.29 | $306.73 | $382.02 | $16,119.80 | |
| Jun, 2024 | 14 | $73.88 | $308.14 | $382.02 | $15,811.66 | |
| Jul, 2024 | 15 | $72.47 | $309.55 | $382.02 | $15,502.10 | |
| Aug, 2024 | 16 | $71.05 | $310.97 | $382.02 | $15,191.13 | |
| Sep, 2024 | 17 | $69.63 | $312.40 | $382.02 | $14,878.73 | |
| Oct, 2024 | 18 | $68.19 | $313.83 | $382.02 | $14,564.91 | |
| Nov, 2024 | 19 | $66.76 | $315.27 | $382.02 | $14,249.64 | |
| Dec, 2024 | 20 | $65.31 | $316.71 | $382.02 | $13,932.93 | |
| Jan, 2025 | 21 | $63.86 | $318.16 | $382.02 | $13,614.76 | |
| Feb, 2025 | 22 | $62.40 | $319.62 | $382.02 | $13,295.14 | |
| Mar, 2025 | 23 | $60.94 | $321.09 | $382.02 | $12,974.05 | |
| Apr, 2025 | 24 | $59.46 | $322.56 | $382.02 | $12,651.49 | |
| May, 2025 | 25 | $57.99 | $324.04 | $382.02 | $12,327.46 | |
| Jun, 2025 | 26 | $56.50 | $325.52 | $382.02 | $12,001.93 | |
| Jul, 2025 | 27 | $55.01 | $327.01 | $382.02 | $11,674.92 | |
| Aug, 2025 | 28 | $53.51 | $328.51 | $382.02 | $11,346.41 | |
| Sep, 2025 | 29 | $52.00 | $330.02 | $382.02 | $11,016.39 | |
| Oct, 2025 | 30 | $50.49 | $331.53 | $382.02 | $10,684.86 | |
| Nov, 2025 | 31 | $48.97 | $333.05 | $382.02 | $10,351.80 | |
| Dec, 2025 | 32 | $47.45 | $334.58 | $382.02 | $10,017.23 | |
| Jan, 2026 | 33 | $45.91 | $336.11 | $382.02 | $9,681.12 | |
| Feb, 2026 | 34 | $44.37 | $337.65 | $382.02 | $9,343.46 | |
| Mar, 2026 | 35 | $42.82 | $339.20 | $382.02 | $9,004.27 | |
| Apr, 2026 | 36 | $41.27 | $340.75 | $382.02 | $8,663.51 | |
| May, 2026 | 37 | $39.71 | $342.32 | $382.02 | $8,321.20 | |
| Jun, 2026 | 38 | $38.14 | $343.88 | $382.02 | $7,977.31 | |
| Jul, 2026 | 39 | $36.56 | $345.46 | $382.02 | $7,631.85 | |
| Aug, 2026 | 40 | $34.98 | $347.04 | $382.02 | $7,284.81 | |
| Sep, 2026 | 41 | $33.39 | $348.63 | $382.02 | $6,936.17 | |
| Oct, 2026 | 42 | $31.79 | $350.23 | $382.02 | $6,585.94 | |
| Nov, 2026 | 43 | $30.19 | $351.84 | $382.02 | $6,234.10 | |
| Dec, 2026 | 44 | $28.57 | $353.45 | $382.02 | $5,880.65 | |
| Jan, 2027 | 45 | $26.95 | $355.07 | $382.02 | $5,525.58 | |
| Feb, 2027 | 46 | $25.33 | $356.70 | $382.02 | $5,168.88 | |
| Mar, 2027 | 47 | $23.69 | $358.33 | $382.02 | $4,810.55 | |
| Apr, 2027 | 48 | $22.05 | $359.97 | $382.02 | $4,450.58 | |
| May, 2027 | 49 | $20.40 | $361.62 | $382.02 | $4,088.95 | |
| Jun, 2027 | 50 | $18.74 | $363.28 | $382.02 | $3,725.67 | |
| Jul, 2027 | 51 | $17.08 | $364.95 | $382.02 | $3,360.72 | |
| Aug, 2027 | 52 | $15.40 | $366.62 | $382.02 | $2,994.10 | |
| Sep, 2027 | 53 | $13.72 | $368.30 | $382.02 | $2,625.80 | |
| Oct, 2027 | 54 | $12.03 | $369.99 | $382.02 | $2,255.81 | |
| Nov, 2027 | 55 | $10.34 | $371.68 | $382.02 | $1,884.13 | |
| Dec, 2027 | 56 | $8.64 | $373.39 | $382.02 | $1,510.74 | |
| Jan, 2028 | 57 | $6.92 | $375.10 | $382.02 | $1,135.64 | |
| Feb, 2028 | 58 | $5.21 | $376.82 | $382.02 | $758.83 | |
| Mar, 2028 | 59 | $3.48 | $378.55 | $382.02 | $380.28 | |
| Apr, 2028 | 60 | $1.74 | $380.28 | $382.02 | $0.00 | |
Loan 2 Amortization Schedule |
||||||
| Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
|---|---|---|---|---|---|---|
| May, 2023 | 1 | $112.50 | $198.42 | $310.92 | $29,801.58 | |
| Jun, 2023 | 2 | $111.76 | $199.16 | $310.92 | $29,602.43 | |
| Jul, 2023 | 3 | $111.01 | $199.91 | $310.92 | $29,402.52 | |
| Aug, 2023 | 4 | $110.26 | $200.66 | $310.92 | $29,201.86 | |
| Sep, 2023 | 5 | $109.51 | $201.41 | $310.92 | $29,000.46 | |
| Oct, 2023 | 6 | $108.75 | $202.16 | $310.92 | $28,798.29 | |
| Nov, 2023 | 7 | $107.99 | $202.92 | $310.92 | $28,595.37 | |
| Dec, 2023 | 8 | $107.23 | $203.68 | $310.92 | $28,391.69 | |
| Jan, 2024 | 9 | $106.47 | $204.45 | $310.92 | $28,187.24 | |
| Feb, 2024 | 10 | $105.70 | $205.21 | $310.92 | $27,982.03 | |
| Mar, 2024 | 11 | $104.93 | $205.98 | $310.92 | $27,776.05 | |
| Apr, 2024 | 12 | $104.16 | $206.76 | $310.92 | $27,569.29 | |
| May, 2024 | 13 | $103.38 | $207.53 | $310.92 | $27,361.76 | |
| Jun, 2024 | 14 | $102.61 | $208.31 | $310.92 | $27,153.45 | |
| Jul, 2024 | 15 | $101.83 | $209.09 | $310.92 | $26,944.36 | |
| Aug, 2024 | 16 | $101.04 | $209.87 | $310.92 | $26,734.49 | |
| Sep, 2024 | 17 | $100.25 | $210.66 | $310.92 | $26,523.83 | |
| Oct, 2024 | 18 | $99.46 | $211.45 | $310.92 | $26,312.38 | |
| Nov, 2024 | 19 | $98.67 | $212.24 | $310.92 | $26,100.13 | |
| Dec, 2024 | 20 | $97.88 | $213.04 | $310.92 | $25,887.09 | |
| Jan, 2025 | 21 | $97.08 | $213.84 | $310.92 | $25,673.25 | |
| Feb, 2025 | 22 | $96.27 | $214.64 | $310.92 | $25,458.61 | |
| Mar, 2025 | 23 | $95.47 | $215.45 | $310.92 | $25,243.17 | |
| Apr, 2025 | 24 | $94.66 | $216.25 | $310.92 | $25,026.91 | |
| May, 2025 | 25 | $93.85 | $217.06 | $310.92 | $24,809.85 | |
| Jun, 2025 | 26 | $93.04 | $217.88 | $310.92 | $24,591.97 | |
| Jul, 2025 | 27 | $92.22 | $218.70 | $310.92 | $24,373.28 | |
| Aug, 2025 | 28 | $91.40 | $219.52 | $310.92 | $24,153.76 | |
| Sep, 2025 | 29 | $90.58 | $220.34 | $310.92 | $23,933.42 | |
| Oct, 2025 | 30 | $89.75 | $221.16 | $310.92 | $23,712.26 | |
| Nov, 2025 | 31 | $88.92 | $221.99 | $310.92 | $23,490.26 | |
| Dec, 2025 | 32 | $88.09 | $222.83 | $310.92 | $23,267.44 | |
| Jan, 2026 | 33 | $87.25 | $223.66 | $310.92 | $23,043.77 | |
| Feb, 2026 | 34 | $86.41 | $224.50 | $310.92 | $22,819.27 | |
| Mar, 2026 | 35 | $85.57 | $225.34 | $310.92 | $22,593.93 | |
| Apr, 2026 | 36 | $84.73 | $226.19 | $310.92 | $22,367.74 | |
| May, 2026 | 37 | $83.88 | $227.04 | $310.92 | $22,140.71 | |
| Jun, 2026 | 38 | $83.03 | $227.89 | $310.92 | $21,912.82 | |
| Jul, 2026 | 39 | $82.17 | $228.74 | $310.92 | $21,684.08 | |
| Aug, 2026 | 40 | $81.32 | $229.60 | $310.92 | $21,454.48 | |
| Sep, 2026 | 41 | $80.45 | $230.46 | $310.92 | $21,224.02 | |
| Oct, 2026 | 42 | $79.59 | $231.33 | $310.92 | $20,992.69 | |
| Nov, 2026 | 43 | $78.72 | $232.19 | $310.92 | $20,760.50 | |
| Dec, 2026 | 44 | $77.85 | $233.06 | $310.92 | $20,527.43 | |
| Jan, 2027 | 45 | $76.98 | $233.94 | $310.92 | $20,293.50 | |
| Feb, 2027 | 46 | $76.10 | $234.81 | $310.92 | $20,058.68 | |
| Mar, 2027 | 47 | $75.22 | $235.70 | $310.92 | $19,822.99 | |
| Apr, 2027 | 48 | $74.34 | $236.58 | $310.92 | $19,586.41 | |
| May, 2027 | 49 | $73.45 | $237.47 | $310.92 | $19,348.94 | |
| Jun, 2027 | 50 | $72.56 | $238.36 | $310.92 | $19,110.59 | |
| Jul, 2027 | 51 | $71.66 | $239.25 | $310.92 | $18,871.33 | |
| Aug, 2027 | 52 | $70.77 | $240.15 | $310.92 | $18,631.19 | |
| Sep, 2027 | 53 | $69.87 | $241.05 | $310.92 | $18,390.14 | |
| Oct, 2027 | 54 | $68.96 | $241.95 | $310.92 | $18,148.19 | |
| Nov, 2027 | 55 | $68.06 | $242.86 | $310.92 | $17,905.33 | |
| Dec, 2027 | 56 | $67.14 | $243.77 | $310.92 | $17,661.56 | |
| Jan, 2028 | 57 | $66.23 | $244.68 | $310.92 | $17,416.87 | |
| Feb, 2028 | 58 | $65.31 | $245.60 | $310.92 | $17,171.27 | |
| Mar, 2028 | 59 | $64.39 | $246.52 | $310.92 | $16,924.75 | |
| Apr, 2028 | 60 | $63.47 | $247.45 | $310.92 | $16,677.30 | |
| May, 2028 | 61 | $62.54 | $248.38 | $310.92 | $16,428.92 | |
| Jun, 2028 | 62 | $61.61 | $249.31 | $310.92 | $16,179.62 | |
| Jul, 2028 | 63 | $60.67 | $250.24 | $310.92 | $15,929.38 | |
| Aug, 2028 | 64 | $59.74 | $251.18 | $310.92 | $15,678.20 | |
| Sep, 2028 | 65 | $58.79 | $252.12 | $310.92 | $15,426.07 | |
| Oct, 2028 | 66 | $57.85 | $253.07 | $310.92 | $15,173.01 | |
| Nov, 2028 | 67 | $56.90 | $254.02 | $310.92 | $14,918.99 | |
| Dec, 2028 | 68 | $55.95 | $254.97 | $310.92 | $14,664.02 | |
| Jan, 2029 | 69 | $54.99 | $255.93 | $310.92 | $14,408.10 | |
| Feb, 2029 | 70 | $54.03 | $256.88 | $310.92 | $14,151.21 | |
| Mar, 2029 | 71 | $53.07 | $257.85 | $310.92 | $13,893.36 | |
| Apr, 2029 | 72 | $52.10 | $258.82 | $310.92 | $13,634.55 | |
| May, 2029 | 73 | $51.13 | $259.79 | $310.92 | $13,374.76 | |
| Jun, 2029 | 74 | $50.16 | $260.76 | $310.92 | $13,114.00 | |
| Jul, 2029 | 75 | $49.18 | $261.74 | $310.92 | $12,852.26 | |
| Aug, 2029 | 76 | $48.20 | $262.72 | $310.92 | $12,589.55 | |
| Sep, 2029 | 77 | $47.21 | $263.70 | $310.92 | $12,325.84 | |
| Oct, 2029 | 78 | $46.22 | $264.69 | $310.92 | $12,061.15 | |
| Nov, 2029 | 79 | $45.23 | $265.69 | $310.92 | $11,795.46 | |
| Dec, 2029 | 80 | $44.23 | $266.68 | $310.92 | $11,528.78 | |
| Jan, 2030 | 81 | $43.23 | $267.68 | $310.92 | $11,261.10 | |
| Feb, 2030 | 82 | $42.23 | $268.69 | $310.92 | $10,992.41 | |
| Mar, 2030 | 83 | $41.22 | $269.69 | $310.92 | $10,722.72 | |
| Apr, 2030 | 84 | $40.21 | $270.71 | $310.92 | $10,452.01 | |
| May, 2030 | 85 | $39.20 | $271.72 | $310.92 | $10,180.29 | |
| Jun, 2030 | 86 | $38.18 | $272.74 | $310.92 | $9,907.55 | |
| Jul, 2030 | 87 | $37.15 | $273.76 | $310.92 | $9,633.79 | |
| Aug, 2030 | 88 | $36.13 | $274.79 | $310.92 | $9,359.00 | |
| Sep, 2030 | 89 | $35.10 | $275.82 | $310.92 | $9,083.18 | |
| Oct, 2030 | 90 | $34.06 | $276.85 | $310.92 | $8,806.33 | |
| Nov, 2030 | 91 | $33.02 | $277.89 | $310.92 | $8,528.44 | |
| Dec, 2030 | 92 | $31.98 | $278.93 | $310.92 | $8,249.51 | |
| Jan, 2031 | 93 | $30.94 | $279.98 | $310.92 | $7,969.53 | |
| Feb, 2031 | 94 | $29.89 | $281.03 | $310.92 | $7,688.50 | |
| Mar, 2031 | 95 | $28.83 | $282.08 | $310.92 | $7,406.41 | |
| Apr, 2031 | 96 | $27.77 | $283.14 | $310.92 | $7,123.27 | |
| May, 2031 | 97 | $26.71 | $284.20 | $310.92 | $6,839.07 | |
| Jun, 2031 | 98 | $25.65 | $285.27 | $310.92 | $6,553.80 | |
| Jul, 2031 | 99 | $24.58 | $286.34 | $310.92 | $6,267.46 | |
| Aug, 2031 | 100 | $23.50 | $287.41 | $310.92 | $5,980.05 | |
| Sep, 2031 | 101 | $22.43 | $288.49 | $310.92 | $5,691.56 | |
| Oct, 2031 | 102 | $21.34 | $289.57 | $310.92 | $5,401.99 | |
| Nov, 2031 | 103 | $20.26 | $290.66 | $310.92 | $5,111.33 | |
| Dec, 2031 | 104 | $19.17 | $291.75 | $310.92 | $4,819.58 | |
| Jan, 2032 | 105 | $18.07 | $292.84 | $310.92 | $4,526.74 | |
| Feb, 2032 | 106 | $16.98 | $293.94 | $310.92 | $4,232.80 | |
| Mar, 2032 | 107 | $15.87 | $295.04 | $310.92 | $3,937.76 | |
| Apr, 2032 | 108 | $14.77 | $296.15 | $310.92 | $3,641.61 | |
| May, 2032 | 109 | $13.66 | $297.26 | $310.92 | $3,344.35 | |
| Jun, 2032 | 110 | $12.54 | $298.37 | $310.92 | $3,045.98 | |
| Jul, 2032 | 111 | $11.42 | $299.49 | $310.92 | $2,746.48 | |
| Aug, 2032 | 112 | $10.30 | $300.62 | $310.92 | $2,445.87 | |
| Sep, 2032 | 113 | $9.17 | $301.74 | $310.92 | $2,144.12 | |
| Oct, 2032 | 114 | $8.04 | $302.87 | $310.92 | $1,841.25 | |
| Nov, 2032 | 115 | $6.90 | $304.01 | $310.92 | $1,537.24 | |
| Dec, 2032 | 116 | $5.76 | $305.15 | $310.92 | $1,232.09 | |
| Jan, 2033 | 117 | $4.62 | $306.29 | $310.92 | $925.79 | |
| Feb, 2033 | 118 | $3.47 | $307.44 | $310.92 | $618.35 | |
| Mar, 2033 | 119 | $2.32 | $308.60 | $310.92 | $309.75 | |
| Apr, 2033 | 120 | $1.16 | $309.75 | $310.92 | $0.00 | |
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