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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 between two loans. Compare two loans and see which loan is a better deal and works better for you.
Loan Comparison Result |
||
Loan |
Loan 1 | Loan 2 |
|---|---|---|
Loan Amount |
$20,000.00 | $20,000.00 |
Monthly Payment: |
$391.32 | $292.17 |
Total # Of Payments: |
60 | 84 |
Start Date: |
Dec, 2024 | Dec, 2024 |
Payoff Date: |
Nov, 2031 | Nov, 2031 |
Total Interest Paid: |
$3,479.38 | $4,542.37 |
Total Payment: |
$23,479.38 | $24,542.37 |
Total Savings: |
$1,062.99 | $0.00 |
Loan 1 Amortization Schedule |
||||||
| Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
|---|---|---|---|---|---|---|
| Dec, 2024 | 1 | $108.33 | $282.99 | $391.32 | $19,717.01 | |
| Jan, 2025 | 2 | $106.80 | $284.52 | $391.32 | $19,432.49 | |
| Feb, 2025 | 3 | $105.26 | $286.06 | $391.32 | $19,146.42 | |
| Mar, 2025 | 4 | $103.71 | $287.61 | $391.32 | $18,858.81 | |
| Apr, 2025 | 5 | $102.15 | $289.17 | $391.32 | $18,569.64 | |
| May, 2025 | 6 | $100.59 | $290.74 | $391.32 | $18,278.90 | |
| Jun, 2025 | 7 | $99.01 | $292.31 | $391.32 | $17,986.59 | |
| Jul, 2025 | 8 | $97.43 | $293.90 | $391.32 | $17,692.69 | |
| Aug, 2025 | 9 | $95.84 | $295.49 | $391.32 | $17,397.21 | |
| Sep, 2025 | 10 | $94.23 | $297.09 | $391.32 | $17,100.12 | |
| Oct, 2025 | 11 | $92.63 | $298.70 | $391.32 | $16,801.42 | |
| Nov, 2025 | 12 | $91.01 | $300.32 | $391.32 | $16,501.11 | |
| Dec, 2025 | 13 | $89.38 | $301.94 | $391.32 | $16,199.16 | |
| Jan, 2026 | 14 | $87.75 | $303.58 | $391.32 | $15,895.59 | |
| Feb, 2026 | 15 | $86.10 | $305.22 | $391.32 | $15,590.37 | |
| Mar, 2026 | 16 | $84.45 | $306.88 | $391.32 | $15,283.49 | |
| Apr, 2026 | 17 | $82.79 | $308.54 | $391.32 | $14,974.95 | |
| May, 2026 | 18 | $81.11 | $310.21 | $391.32 | $14,664.74 | |
| Jun, 2026 | 19 | $79.43 | $311.89 | $391.32 | $14,352.86 | |
| Jul, 2026 | 20 | $77.74 | $313.58 | $391.32 | $14,039.28 | |
| Aug, 2026 | 21 | $76.05 | $315.28 | $391.32 | $13,724.00 | |
| Sep, 2026 | 22 | $74.34 | $316.98 | $391.32 | $13,407.02 | |
| Oct, 2026 | 23 | $72.62 | $318.70 | $391.32 | $13,088.31 | |
| Nov, 2026 | 24 | $70.90 | $320.43 | $391.32 | $12,767.89 | |
| Dec, 2026 | 25 | $69.16 | $322.16 | $391.32 | $12,445.72 | |
| Jan, 2027 | 26 | $67.41 | $323.91 | $391.32 | $12,121.81 | |
| Feb, 2027 | 27 | $65.66 | $325.66 | $391.32 | $11,796.15 | |
| Mar, 2027 | 28 | $63.90 | $327.43 | $391.32 | $11,468.72 | |
| Apr, 2027 | 29 | $62.12 | $329.20 | $391.32 | $11,139.52 | |
| May, 2027 | 30 | $60.34 | $330.98 | $391.32 | $10,808.54 | |
| Jun, 2027 | 31 | $58.55 | $332.78 | $391.32 | $10,475.76 | |
| Jul, 2027 | 32 | $56.74 | $334.58 | $391.32 | $10,141.18 | |
| Aug, 2027 | 33 | $54.93 | $336.39 | $391.32 | $9,804.79 | |
| Sep, 2027 | 34 | $53.11 | $338.21 | $391.32 | $9,466.58 | |
| Oct, 2027 | 35 | $51.28 | $340.05 | $391.32 | $9,126.53 | |
| Nov, 2027 | 36 | $49.44 | $341.89 | $391.32 | $8,784.64 | |
| Dec, 2027 | 37 | $47.58 | $343.74 | $391.32 | $8,440.90 | |
| Jan, 2028 | 38 | $45.72 | $345.60 | $391.32 | $8,095.30 | |
| Feb, 2028 | 39 | $43.85 | $347.47 | $391.32 | $7,747.83 | |
| Mar, 2028 | 40 | $41.97 | $349.36 | $391.32 | $7,398.47 | |
| Apr, 2028 | 41 | $40.08 | $351.25 | $391.32 | $7,047.23 | |
| May, 2028 | 42 | $38.17 | $353.15 | $391.32 | $6,694.08 | |
| Jun, 2028 | 43 | $36.26 | $355.06 | $391.32 | $6,339.01 | |
| Jul, 2028 | 44 | $34.34 | $356.99 | $391.32 | $5,982.03 | |
| Aug, 2028 | 45 | $32.40 | $358.92 | $391.32 | $5,623.11 | |
| Sep, 2028 | 46 | $30.46 | $360.86 | $391.32 | $5,262.24 | |
| Oct, 2028 | 47 | $28.50 | $362.82 | $391.32 | $4,899.42 | |
| Nov, 2028 | 48 | $26.54 | $364.78 | $391.32 | $4,534.64 | |
| Dec, 2028 | 49 | $24.56 | $366.76 | $391.32 | $4,167.88 | |
| Jan, 2029 | 50 | $22.58 | $368.75 | $391.32 | $3,799.13 | |
| Feb, 2029 | 51 | $20.58 | $370.74 | $391.32 | $3,428.39 | |
| Mar, 2029 | 52 | $18.57 | $372.75 | $391.32 | $3,055.63 | |
| Apr, 2029 | 53 | $16.55 | $374.77 | $391.32 | $2,680.86 | |
| May, 2029 | 54 | $14.52 | $376.80 | $391.32 | $2,304.06 | |
| Jun, 2029 | 55 | $12.48 | $378.84 | $391.32 | $1,925.22 | |
| Jul, 2029 | 56 | $10.43 | $380.89 | $391.32 | $1,544.32 | |
| Aug, 2029 | 57 | $8.37 | $382.96 | $391.32 | $1,161.36 | |
| Sep, 2029 | 58 | $6.29 | $385.03 | $391.32 | $776.33 | |
| Oct, 2029 | 59 | $4.21 | $387.12 | $391.32 | $389.21 | |
| Nov, 2029 | 60 | $2.11 | $389.21 | $391.32 | $0.00 | |
Loan 2 Amortization Schedule |
||||||
| Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
|---|---|---|---|---|---|---|
| Dec, 2024 | 1 | $100.00 | $192.17 | $292.17 | $19,807.83 | |
| Jan, 2025 | 2 | $99.04 | $193.13 | $292.17 | $19,614.70 | |
| Feb, 2025 | 3 | $98.07 | $194.10 | $292.17 | $19,420.60 | |
| Mar, 2025 | 4 | $97.10 | $195.07 | $292.17 | $19,225.53 | |
| Apr, 2025 | 5 | $96.13 | $196.04 | $292.17 | $19,029.49 | |
| May, 2025 | 6 | $95.15 | $197.02 | $292.17 | $18,832.46 | |
| Jun, 2025 | 7 | $94.16 | $198.01 | $292.17 | $18,634.46 | |
| Jul, 2025 | 8 | $93.17 | $199.00 | $292.17 | $18,435.46 | |
| Aug, 2025 | 9 | $92.18 | $199.99 | $292.17 | $18,235.46 | |
| Sep, 2025 | 10 | $91.18 | $200.99 | $292.17 | $18,034.47 | |
| Oct, 2025 | 11 | $90.17 | $202.00 | $292.17 | $17,832.47 | |
| Nov, 2025 | 12 | $89.16 | $203.01 | $292.17 | $17,629.46 | |
| Dec, 2025 | 13 | $88.15 | $204.02 | $292.17 | $17,425.44 | |
| Jan, 2026 | 14 | $87.13 | $205.04 | $292.17 | $17,220.39 | |
| Feb, 2026 | 15 | $86.10 | $206.07 | $292.17 | $17,014.32 | |
| Mar, 2026 | 16 | $85.07 | $207.10 | $292.17 | $16,807.23 | |
| Apr, 2026 | 17 | $84.04 | $208.13 | $292.17 | $16,599.09 | |
| May, 2026 | 18 | $83.00 | $209.18 | $292.17 | $16,389.91 | |
| Jun, 2026 | 19 | $81.95 | $210.22 | $292.17 | $16,179.69 | |
| Jul, 2026 | 20 | $80.90 | $211.27 | $292.17 | $15,968.42 | |
| Aug, 2026 | 21 | $79.84 | $212.33 | $292.17 | $15,756.09 | |
| Sep, 2026 | 22 | $78.78 | $213.39 | $292.17 | $15,542.70 | |
| Oct, 2026 | 23 | $77.71 | $214.46 | $292.17 | $15,328.24 | |
| Nov, 2026 | 24 | $76.64 | $215.53 | $292.17 | $15,112.71 | |
| Dec, 2026 | 25 | $75.56 | $216.61 | $292.17 | $14,896.11 | |
| Jan, 2027 | 26 | $74.48 | $217.69 | $292.17 | $14,678.42 | |
| Feb, 2027 | 27 | $73.39 | $218.78 | $292.17 | $14,459.64 | |
| Mar, 2027 | 28 | $72.30 | $219.87 | $292.17 | $14,239.76 | |
| Apr, 2027 | 29 | $71.20 | $220.97 | $292.17 | $14,018.79 | |
| May, 2027 | 30 | $70.09 | $222.08 | $292.17 | $13,796.71 | |
| Jun, 2027 | 31 | $68.98 | $223.19 | $292.17 | $13,573.53 | |
| Jul, 2027 | 32 | $67.87 | $224.30 | $292.17 | $13,349.22 | |
| Aug, 2027 | 33 | $66.75 | $225.42 | $292.17 | $13,123.80 | |
| Sep, 2027 | 34 | $65.62 | $226.55 | $292.17 | $12,897.25 | |
| Oct, 2027 | 35 | $64.49 | $227.68 | $292.17 | $12,669.56 | |
| Nov, 2027 | 36 | $63.35 | $228.82 | $292.17 | $12,440.74 | |
| Dec, 2027 | 37 | $62.20 | $229.97 | $292.17 | $12,210.77 | |
| Jan, 2028 | 38 | $61.05 | $231.12 | $292.17 | $11,979.65 | |
| Feb, 2028 | 39 | $59.90 | $232.27 | $292.17 | $11,747.38 | |
| Mar, 2028 | 40 | $58.74 | $233.43 | $292.17 | $11,513.95 | |
| Apr, 2028 | 41 | $57.57 | $234.60 | $292.17 | $11,279.34 | |
| May, 2028 | 42 | $56.40 | $235.77 | $292.17 | $11,043.57 | |
| Jun, 2028 | 43 | $55.22 | $236.95 | $292.17 | $10,806.62 | |
| Jul, 2028 | 44 | $54.03 | $238.14 | $292.17 | $10,568.48 | |
| Aug, 2028 | 45 | $52.84 | $239.33 | $292.17 | $10,329.15 | |
| Sep, 2028 | 46 | $51.65 | $240.53 | $292.17 | $10,088.63 | |
| Oct, 2028 | 47 | $50.44 | $241.73 | $292.17 | $9,846.90 | |
| Nov, 2028 | 48 | $49.23 | $242.94 | $292.17 | $9,603.96 | |
| Dec, 2028 | 49 | $48.02 | $244.15 | $292.17 | $9,359.81 | |
| Jan, 2029 | 50 | $46.80 | $245.37 | $292.17 | $9,114.44 | |
| Feb, 2029 | 51 | $45.57 | $246.60 | $292.17 | $8,867.84 | |
| Mar, 2029 | 52 | $44.34 | $247.83 | $292.17 | $8,620.01 | |
| Apr, 2029 | 53 | $43.10 | $249.07 | $292.17 | $8,370.94 | |
| May, 2029 | 54 | $41.85 | $250.32 | $292.17 | $8,120.62 | |
| Jun, 2029 | 55 | $40.60 | $251.57 | $292.17 | $7,869.05 | |
| Jul, 2029 | 56 | $39.35 | $252.83 | $292.17 | $7,616.23 | |
| Aug, 2029 | 57 | $38.08 | $254.09 | $292.17 | $7,362.14 | |
| Sep, 2029 | 58 | $36.81 | $255.36 | $292.17 | $7,106.77 | |
| Oct, 2029 | 59 | $35.53 | $256.64 | $292.17 | $6,850.14 | |
| Nov, 2029 | 60 | $34.25 | $257.92 | $292.17 | $6,592.22 | |
| Dec, 2029 | 61 | $32.96 | $259.21 | $292.17 | $6,333.01 | |
| Jan, 2030 | 62 | $31.67 | $260.51 | $292.17 | $6,072.50 | |
| Feb, 2030 | 63 | $30.36 | $261.81 | $292.17 | $5,810.69 | |
| Mar, 2030 | 64 | $29.05 | $263.12 | $292.17 | $5,547.57 | |
| Apr, 2030 | 65 | $27.74 | $264.43 | $292.17 | $5,283.14 | |
| May, 2030 | 66 | $26.42 | $265.76 | $292.17 | $5,017.39 | |
| Jun, 2030 | 67 | $25.09 | $267.08 | $292.17 | $4,750.30 | |
| Jul, 2030 | 68 | $23.75 | $268.42 | $292.17 | $4,481.88 | |
| Aug, 2030 | 69 | $22.41 | $269.76 | $292.17 | $4,212.12 | |
| Sep, 2030 | 70 | $21.06 | $271.11 | $292.17 | $3,941.01 | |
| Oct, 2030 | 71 | $19.71 | $272.47 | $292.17 | $3,668.54 | |
| Nov, 2030 | 72 | $18.34 | $273.83 | $292.17 | $3,394.72 | |
| Dec, 2030 | 73 | $16.97 | $275.20 | $292.17 | $3,119.52 | |
| Jan, 2031 | 74 | $15.60 | $276.57 | $292.17 | $2,842.95 | |
| Feb, 2031 | 75 | $14.21 | $277.96 | $292.17 | $2,564.99 | |
| Mar, 2031 | 76 | $12.82 | $279.35 | $292.17 | $2,285.64 | |
| Apr, 2031 | 77 | $11.43 | $280.74 | $292.17 | $2,004.90 | |
| May, 2031 | 78 | $10.02 | $282.15 | $292.17 | $1,722.75 | |
| Jun, 2031 | 79 | $8.61 | $283.56 | $292.17 | $1,439.20 | |
| Jul, 2031 | 80 | $7.20 | $284.98 | $292.17 | $1,154.22 | |
| Aug, 2031 | 81 | $5.77 | $286.40 | $292.17 | $867.82 | |
| Sep, 2031 | 82 | $4.34 | $287.83 | $292.17 | $579.99 | |
| Oct, 2031 | 83 | $2.90 | $289.27 | $292.17 | $290.72 | |
| Nov, 2031 | 84 | $1.45 | $290.72 | $292.17 | $0.00 | |
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