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Loan Comparison Calculator




Loan Comparison Calculator to compare the monthly payments and total interest payments for two loans.

Mortgage Comparison Calculator

Loan 1

Loan Amount
Loan Terms
years
Interest Rate

Loan 2

Loan Amount
Loan Terms
years
Interest Rate
Amortization Schedule
Show By Month Show By Year

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:
Jan, 2023 Jan, 2023
Payoff Date:
Dec, 2032 Dec, 2032
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
Jan, 2023 1 $91.67 $290.36 $382.02 $19,709.64
Feb, 2023 2 $90.34 $291.69 $382.02 $19,417.96
Mar, 2023 3 $89.00 $293.02 $382.02 $19,124.93
Apr, 2023 4 $87.66 $294.37 $382.02 $18,830.56
May, 2023 5 $86.31 $295.72 $382.02 $18,534.85
Jun, 2023 6 $84.95 $297.07 $382.02 $18,237.78
Jul, 2023 7 $83.59 $298.43 $382.02 $17,939.34
Aug, 2023 8 $82.22 $299.80 $382.02 $17,639.54
Sep, 2023 9 $80.85 $301.18 $382.02 $17,338.37
Oct, 2023 10 $79.47 $302.56 $382.02 $17,035.81
Nov, 2023 11 $78.08 $303.94 $382.02 $16,731.87
Dec, 2023 12 $76.69 $305.34 $382.02 $16,426.53
Jan, 2024 13 $75.29 $306.73 $382.02 $16,119.80
Feb, 2024 14 $73.88 $308.14 $382.02 $15,811.66
Mar, 2024 15 $72.47 $309.55 $382.02 $15,502.10
Apr, 2024 16 $71.05 $310.97 $382.02 $15,191.13
May, 2024 17 $69.63 $312.40 $382.02 $14,878.73
Jun, 2024 18 $68.19 $313.83 $382.02 $14,564.91
Jul, 2024 19 $66.76 $315.27 $382.02 $14,249.64
Aug, 2024 20 $65.31 $316.71 $382.02 $13,932.93
Sep, 2024 21 $63.86 $318.16 $382.02 $13,614.76
Oct, 2024 22 $62.40 $319.62 $382.02 $13,295.14
Nov, 2024 23 $60.94 $321.09 $382.02 $12,974.05
Dec, 2024 24 $59.46 $322.56 $382.02 $12,651.49
Jan, 2025 25 $57.99 $324.04 $382.02 $12,327.46
Feb, 2025 26 $56.50 $325.52 $382.02 $12,001.93
Mar, 2025 27 $55.01 $327.01 $382.02 $11,674.92
Apr, 2025 28 $53.51 $328.51 $382.02 $11,346.41
May, 2025 29 $52.00 $330.02 $382.02 $11,016.39
Jun, 2025 30 $50.49 $331.53 $382.02 $10,684.86
Jul, 2025 31 $48.97 $333.05 $382.02 $10,351.80
Aug, 2025 32 $47.45 $334.58 $382.02 $10,017.23
Sep, 2025 33 $45.91 $336.11 $382.02 $9,681.12
Oct, 2025 34 $44.37 $337.65 $382.02 $9,343.46
Nov, 2025 35 $42.82 $339.20 $382.02 $9,004.27
Dec, 2025 36 $41.27 $340.75 $382.02 $8,663.51
Jan, 2026 37 $39.71 $342.32 $382.02 $8,321.20
Feb, 2026 38 $38.14 $343.88 $382.02 $7,977.31
Mar, 2026 39 $36.56 $345.46 $382.02 $7,631.85
Apr, 2026 40 $34.98 $347.04 $382.02 $7,284.81
May, 2026 41 $33.39 $348.63 $382.02 $6,936.17
Jun, 2026 42 $31.79 $350.23 $382.02 $6,585.94
Jul, 2026 43 $30.19 $351.84 $382.02 $6,234.10
Aug, 2026 44 $28.57 $353.45 $382.02 $5,880.65
Sep, 2026 45 $26.95 $355.07 $382.02 $5,525.58
Oct, 2026 46 $25.33 $356.70 $382.02 $5,168.88
Nov, 2026 47 $23.69 $358.33 $382.02 $4,810.55
Dec, 2026 48 $22.05 $359.97 $382.02 $4,450.58
Jan, 2027 49 $20.40 $361.62 $382.02 $4,088.95
Feb, 2027 50 $18.74 $363.28 $382.02 $3,725.67
Mar, 2027 51 $17.08 $364.95 $382.02 $3,360.72
Apr, 2027 52 $15.40 $366.62 $382.02 $2,994.10
May, 2027 53 $13.72 $368.30 $382.02 $2,625.80
Jun, 2027 54 $12.03 $369.99 $382.02 $2,255.81
Jul, 2027 55 $10.34 $371.68 $382.02 $1,884.13
Aug, 2027 56 $8.64 $373.39 $382.02 $1,510.74
Sep, 2027 57 $6.92 $375.10 $382.02 $1,135.64
Oct, 2027 58 $5.21 $376.82 $382.02 $758.83
Nov, 2027 59 $3.48 $378.55 $382.02 $380.28
Dec, 2027 60 $1.74 $380.28 $382.02 $0.00

Loan 2 Amortization Schedule

Payment Date Payment # Interest Paid Principal Paid Total Payment Remaining Balance
Jan, 2023 1 $112.50 $198.42 $310.92 $29,801.58
Feb, 2023 2 $111.76 $199.16 $310.92 $29,602.43
Mar, 2023 3 $111.01 $199.91 $310.92 $29,402.52
Apr, 2023 4 $110.26 $200.66 $310.92 $29,201.86
May, 2023 5 $109.51 $201.41 $310.92 $29,000.46
Jun, 2023 6 $108.75 $202.16 $310.92 $28,798.29
Jul, 2023 7 $107.99 $202.92 $310.92 $28,595.37
Aug, 2023 8 $107.23 $203.68 $310.92 $28,391.69
Sep, 2023 9 $106.47 $204.45 $310.92 $28,187.24
Oct, 2023 10 $105.70 $205.21 $310.92 $27,982.03
Nov, 2023 11 $104.93 $205.98 $310.92 $27,776.05
Dec, 2023 12 $104.16 $206.76 $310.92 $27,569.29
Jan, 2024 13 $103.38 $207.53 $310.92 $27,361.76
Feb, 2024 14 $102.61 $208.31 $310.92 $27,153.45
Mar, 2024 15 $101.83 $209.09 $310.92 $26,944.36
Apr, 2024 16 $101.04 $209.87 $310.92 $26,734.49
May, 2024 17 $100.25 $210.66 $310.92 $26,523.83
Jun, 2024 18 $99.46 $211.45 $310.92 $26,312.38
Jul, 2024 19 $98.67 $212.24 $310.92 $26,100.13
Aug, 2024 20 $97.88 $213.04 $310.92 $25,887.09
Sep, 2024 21 $97.08 $213.84 $310.92 $25,673.25
Oct, 2024 22 $96.27 $214.64 $310.92 $25,458.61
Nov, 2024 23 $95.47 $215.45 $310.92 $25,243.17
Dec, 2024 24 $94.66 $216.25 $310.92 $25,026.91
Jan, 2025 25 $93.85 $217.06 $310.92 $24,809.85
Feb, 2025 26 $93.04 $217.88 $310.92 $24,591.97
Mar, 2025 27 $92.22 $218.70 $310.92 $24,373.28
Apr, 2025 28 $91.40 $219.52 $310.92 $24,153.76
May, 2025 29 $90.58 $220.34 $310.92 $23,933.42
Jun, 2025 30 $89.75 $221.16 $310.92 $23,712.26
Jul, 2025 31 $88.92 $221.99 $310.92 $23,490.26
Aug, 2025 32 $88.09 $222.83 $310.92 $23,267.44
Sep, 2025 33 $87.25 $223.66 $310.92 $23,043.77
Oct, 2025 34 $86.41 $224.50 $310.92 $22,819.27
Nov, 2025 35 $85.57 $225.34 $310.92 $22,593.93
Dec, 2025 36 $84.73 $226.19 $310.92 $22,367.74
Jan, 2026 37 $83.88 $227.04 $310.92 $22,140.71
Feb, 2026 38 $83.03 $227.89 $310.92 $21,912.82
Mar, 2026 39 $82.17 $228.74 $310.92 $21,684.08
Apr, 2026 40 $81.32 $229.60 $310.92 $21,454.48
May, 2026 41 $80.45 $230.46 $310.92 $21,224.02
Jun, 2026 42 $79.59 $231.33 $310.92 $20,992.69
Jul, 2026 43 $78.72 $232.19 $310.92 $20,760.50
Aug, 2026 44 $77.85 $233.06 $310.92 $20,527.43
Sep, 2026 45 $76.98 $233.94 $310.92 $20,293.50
Oct, 2026 46 $76.10 $234.81 $310.92 $20,058.68
Nov, 2026 47 $75.22 $235.70 $310.92 $19,822.99
Dec, 2026 48 $74.34 $236.58 $310.92 $19,586.41
Jan, 2027 49 $73.45 $237.47 $310.92 $19,348.94
Feb, 2027 50 $72.56 $238.36 $310.92 $19,110.59
Mar, 2027 51 $71.66 $239.25 $310.92 $18,871.33
Apr, 2027 52 $70.77 $240.15 $310.92 $18,631.19
May, 2027 53 $69.87 $241.05 $310.92 $18,390.14
Jun, 2027 54 $68.96 $241.95 $310.92 $18,148.19
Jul, 2027 55 $68.06 $242.86 $310.92 $17,905.33
Aug, 2027 56 $67.14 $243.77 $310.92 $17,661.56
Sep, 2027 57 $66.23 $244.68 $310.92 $17,416.87
Oct, 2027 58 $65.31 $245.60 $310.92 $17,171.27
Nov, 2027 59 $64.39 $246.52 $310.92 $16,924.75
Dec, 2027 60 $63.47 $247.45 $310.92 $16,677.30
Jan, 2028 61 $62.54 $248.38 $310.92 $16,428.92
Feb, 2028 62 $61.61 $249.31 $310.92 $16,179.62
Mar, 2028 63 $60.67 $250.24 $310.92 $15,929.38
Apr, 2028 64 $59.74 $251.18 $310.92 $15,678.20
May, 2028 65 $58.79 $252.12 $310.92 $15,426.07
Jun, 2028 66 $57.85 $253.07 $310.92 $15,173.01
Jul, 2028 67 $56.90 $254.02 $310.92 $14,918.99
Aug, 2028 68 $55.95 $254.97 $310.92 $14,664.02
Sep, 2028 69 $54.99 $255.93 $310.92 $14,408.10
Oct, 2028 70 $54.03 $256.88 $310.92 $14,151.21
Nov, 2028 71 $53.07 $257.85 $310.92 $13,893.36
Dec, 2028 72 $52.10 $258.82 $310.92 $13,634.55
Jan, 2029 73 $51.13 $259.79 $310.92 $13,374.76
Feb, 2029 74 $50.16 $260.76 $310.92 $13,114.00
Mar, 2029 75 $49.18 $261.74 $310.92 $12,852.26
Apr, 2029 76 $48.20 $262.72 $310.92 $12,589.55
May, 2029 77 $47.21 $263.70 $310.92 $12,325.84
Jun, 2029 78 $46.22 $264.69 $310.92 $12,061.15
Jul, 2029 79 $45.23 $265.69 $310.92 $11,795.46
Aug, 2029 80 $44.23 $266.68 $310.92 $11,528.78
Sep, 2029 81 $43.23 $267.68 $310.92 $11,261.10
Oct, 2029 82 $42.23 $268.69 $310.92 $10,992.41
Nov, 2029 83 $41.22 $269.69 $310.92 $10,722.72
Dec, 2029 84 $40.21 $270.71 $310.92 $10,452.01
Jan, 2030 85 $39.20 $271.72 $310.92 $10,180.29
Feb, 2030 86 $38.18 $272.74 $310.92 $9,907.55
Mar, 2030 87 $37.15 $273.76 $310.92 $9,633.79
Apr, 2030 88 $36.13 $274.79 $310.92 $9,359.00
May, 2030 89 $35.10 $275.82 $310.92 $9,083.18
Jun, 2030 90 $34.06 $276.85 $310.92 $8,806.33
Jul, 2030 91 $33.02 $277.89 $310.92 $8,528.44
Aug, 2030 92 $31.98 $278.93 $310.92 $8,249.51
Sep, 2030 93 $30.94 $279.98 $310.92 $7,969.53
Oct, 2030 94 $29.89 $281.03 $310.92 $7,688.50
Nov, 2030 95 $28.83 $282.08 $310.92 $7,406.41
Dec, 2030 96 $27.77 $283.14 $310.92 $7,123.27
Jan, 2031 97 $26.71 $284.20 $310.92 $6,839.07
Feb, 2031 98 $25.65 $285.27 $310.92 $6,553.80
Mar, 2031 99 $24.58 $286.34 $310.92 $6,267.46
Apr, 2031 100 $23.50 $287.41 $310.92 $5,980.05
May, 2031 101 $22.43 $288.49 $310.92 $5,691.56
Jun, 2031 102 $21.34 $289.57 $310.92 $5,401.99
Jul, 2031 103 $20.26 $290.66 $310.92 $5,111.33
Aug, 2031 104 $19.17 $291.75 $310.92 $4,819.58
Sep, 2031 105 $18.07 $292.84 $310.92 $4,526.74
Oct, 2031 106 $16.98 $293.94 $310.92 $4,232.80
Nov, 2031 107 $15.87 $295.04 $310.92 $3,937.76
Dec, 2031 108 $14.77 $296.15 $310.92 $3,641.61
Jan, 2032 109 $13.66 $297.26 $310.92 $3,344.35
Feb, 2032 110 $12.54 $298.37 $310.92 $3,045.98
Mar, 2032 111 $11.42 $299.49 $310.92 $2,746.48
Apr, 2032 112 $10.30 $300.62 $310.92 $2,445.87
May, 2032 113 $9.17 $301.74 $310.92 $2,144.12
Jun, 2032 114 $8.04 $302.87 $310.92 $1,841.25
Jul, 2032 115 $6.90 $304.01 $310.92 $1,537.24
Aug, 2032 116 $5.76 $305.15 $310.92 $1,232.09
Sep, 2032 117 $4.62 $306.29 $310.92 $925.79
Oct, 2032 118 $3.47 $307.44 $310.92 $618.35
Nov, 2032 119 $2.32 $308.60 $310.92 $309.75
Dec, 2032 120 $1.16 $309.75 $310.92 $0.00



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