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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.

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



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