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Compare Two Loans
Same loan amount, two sets of terms. See which is cheaper over the full life — and at what month one starts beating the other.
Loan A
Monthly P+I$2,364.94
Lifetime interest$491,380
Total of payments$851,380
+ up-front costs$3,000
Total cost$854,380
Loan B
Lifetime winnerMonthly P+I$2,275.44
Lifetime interest$459,160
Total of payments$819,160
+ up-front costs$7,500
Total cost$826,660
Lifetime cost winner
Loan B saves $27,720
over the full term, after up-front costs
A monthly P+I
$2,364.94
B monthly P+I
$2,275.44
Monthly diff
$89.50