| Loan | Early Payoff | Extra Payments | Biweekly Payment | Balloon Payment | Interest Only | Comparison |
Loan Comparison Calculator
Loan Comparison Calculator to compare the monthly payments and total interest payments between two loans based on the loan amount, interest rate, and terms.
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: |
Nov, 2025 | Nov, 2025 |
Payoff Date: |
Oct, 2035 | Oct, 2035 |
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 | |
|---|---|---|---|---|---|---|
| Nov, 2025 | 1 | $91.67 | $290.36 | $382.02 | $19,709.64 | |
| Dec, 2025 | 2 | $90.34 | $291.69 | $382.02 | $19,417.96 | |
| Jan, 2026 | 3 | $89.00 | $293.02 | $382.02 | $19,124.93 | |
| Feb, 2026 | 4 | $87.66 | $294.37 | $382.02 | $18,830.56 | |
| Mar, 2026 | 5 | $86.31 | $295.72 | $382.02 | $18,534.85 | |
| Apr, 2026 | 6 | $84.95 | $297.07 | $382.02 | $18,237.78 | |
| May, 2026 | 7 | $83.59 | $298.43 | $382.02 | $17,939.34 | |
| Jun, 2026 | 8 | $82.22 | $299.80 | $382.02 | $17,639.54 | |
| Jul, 2026 | 9 | $80.85 | $301.18 | $382.02 | $17,338.37 | |
| Aug, 2026 | 10 | $79.47 | $302.56 | $382.02 | $17,035.81 | |
| Sep, 2026 | 11 | $78.08 | $303.94 | $382.02 | $16,731.87 | |
| Oct, 2026 | 12 | $76.69 | $305.34 | $382.02 | $16,426.53 | |
| Nov, 2026 | 13 | $75.29 | $306.73 | $382.02 | $16,119.80 | |
| Dec, 2026 | 14 | $73.88 | $308.14 | $382.02 | $15,811.66 | |
| Jan, 2027 | 15 | $72.47 | $309.55 | $382.02 | $15,502.10 | |
| Feb, 2027 | 16 | $71.05 | $310.97 | $382.02 | $15,191.13 | |
| Mar, 2027 | 17 | $69.63 | $312.40 | $382.02 | $14,878.73 | |
| Apr, 2027 | 18 | $68.19 | $313.83 | $382.02 | $14,564.91 | |
| May, 2027 | 19 | $66.76 | $315.27 | $382.02 | $14,249.64 | |
| Jun, 2027 | 20 | $65.31 | $316.71 | $382.02 | $13,932.93 | |
| Jul, 2027 | 21 | $63.86 | $318.16 | $382.02 | $13,614.76 | |
| Aug, 2027 | 22 | $62.40 | $319.62 | $382.02 | $13,295.14 | |
| Sep, 2027 | 23 | $60.94 | $321.09 | $382.02 | $12,974.05 | |
| Oct, 2027 | 24 | $59.46 | $322.56 | $382.02 | $12,651.49 | |
| Nov, 2027 | 25 | $57.99 | $324.04 | $382.02 | $12,327.46 | |
| Dec, 2027 | 26 | $56.50 | $325.52 | $382.02 | $12,001.93 | |
| Jan, 2028 | 27 | $55.01 | $327.01 | $382.02 | $11,674.92 | |
| Feb, 2028 | 28 | $53.51 | $328.51 | $382.02 | $11,346.41 | |
| Mar, 2028 | 29 | $52.00 | $330.02 | $382.02 | $11,016.39 | |
| Apr, 2028 | 30 | $50.49 | $331.53 | $382.02 | $10,684.86 | |
| May, 2028 | 31 | $48.97 | $333.05 | $382.02 | $10,351.80 | |
| Jun, 2028 | 32 | $47.45 | $334.58 | $382.02 | $10,017.23 | |
| Jul, 2028 | 33 | $45.91 | $336.11 | $382.02 | $9,681.12 | |
| Aug, 2028 | 34 | $44.37 | $337.65 | $382.02 | $9,343.46 | |
| Sep, 2028 | 35 | $42.82 | $339.20 | $382.02 | $9,004.27 | |
| Oct, 2028 | 36 | $41.27 | $340.75 | $382.02 | $8,663.51 | |
| Nov, 2028 | 37 | $39.71 | $342.32 | $382.02 | $8,321.20 | |
| Dec, 2028 | 38 | $38.14 | $343.88 | $382.02 | $7,977.31 | |
| Jan, 2029 | 39 | $36.56 | $345.46 | $382.02 | $7,631.85 | |
| Feb, 2029 | 40 | $34.98 | $347.04 | $382.02 | $7,284.81 | |
| Mar, 2029 | 41 | $33.39 | $348.63 | $382.02 | $6,936.17 | |
| Apr, 2029 | 42 | $31.79 | $350.23 | $382.02 | $6,585.94 | |
| May, 2029 | 43 | $30.19 | $351.84 | $382.02 | $6,234.10 | |
| Jun, 2029 | 44 | $28.57 | $353.45 | $382.02 | $5,880.65 | |
| Jul, 2029 | 45 | $26.95 | $355.07 | $382.02 | $5,525.58 | |
| Aug, 2029 | 46 | $25.33 | $356.70 | $382.02 | $5,168.88 | |
| Sep, 2029 | 47 | $23.69 | $358.33 | $382.02 | $4,810.55 | |
| Oct, 2029 | 48 | $22.05 | $359.97 | $382.02 | $4,450.58 | |
| Nov, 2029 | 49 | $20.40 | $361.62 | $382.02 | $4,088.95 | |
| Dec, 2029 | 50 | $18.74 | $363.28 | $382.02 | $3,725.67 | |
| Jan, 2030 | 51 | $17.08 | $364.95 | $382.02 | $3,360.72 | |
| Feb, 2030 | 52 | $15.40 | $366.62 | $382.02 | $2,994.10 | |
| Mar, 2030 | 53 | $13.72 | $368.30 | $382.02 | $2,625.80 | |
| Apr, 2030 | 54 | $12.03 | $369.99 | $382.02 | $2,255.81 | |
| May, 2030 | 55 | $10.34 | $371.68 | $382.02 | $1,884.13 | |
| Jun, 2030 | 56 | $8.64 | $373.39 | $382.02 | $1,510.74 | |
| Jul, 2030 | 57 | $6.92 | $375.10 | $382.02 | $1,135.64 | |
| Aug, 2030 | 58 | $5.21 | $376.82 | $382.02 | $758.83 | |
| Sep, 2030 | 59 | $3.48 | $378.55 | $382.02 | $380.28 | |
| Oct, 2030 | 60 | $1.74 | $380.28 | $382.02 | $0.00 | |
Loan 2 Amortization Schedule |
||||||
| Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
|---|---|---|---|---|---|---|
| Nov, 2025 | 1 | $112.50 | $198.42 | $310.92 | $29,801.58 | |
| Dec, 2025 | 2 | $111.76 | $199.16 | $310.92 | $29,602.43 | |
| Jan, 2026 | 3 | $111.01 | $199.91 | $310.92 | $29,402.52 | |
| Feb, 2026 | 4 | $110.26 | $200.66 | $310.92 | $29,201.86 | |
| Mar, 2026 | 5 | $109.51 | $201.41 | $310.92 | $29,000.46 | |
| Apr, 2026 | 6 | $108.75 | $202.16 | $310.92 | $28,798.29 | |
| May, 2026 | 7 | $107.99 | $202.92 | $310.92 | $28,595.37 | |
| Jun, 2026 | 8 | $107.23 | $203.68 | $310.92 | $28,391.69 | |
| Jul, 2026 | 9 | $106.47 | $204.45 | $310.92 | $28,187.24 | |
| Aug, 2026 | 10 | $105.70 | $205.21 | $310.92 | $27,982.03 | |
| Sep, 2026 | 11 | $104.93 | $205.98 | $310.92 | $27,776.05 | |
| Oct, 2026 | 12 | $104.16 | $206.76 | $310.92 | $27,569.29 | |
| Nov, 2026 | 13 | $103.38 | $207.53 | $310.92 | $27,361.76 | |
| Dec, 2026 | 14 | $102.61 | $208.31 | $310.92 | $27,153.45 | |
| Jan, 2027 | 15 | $101.83 | $209.09 | $310.92 | $26,944.36 | |
| Feb, 2027 | 16 | $101.04 | $209.87 | $310.92 | $26,734.49 | |
| Mar, 2027 | 17 | $100.25 | $210.66 | $310.92 | $26,523.83 | |
| Apr, 2027 | 18 | $99.46 | $211.45 | $310.92 | $26,312.38 | |
| May, 2027 | 19 | $98.67 | $212.24 | $310.92 | $26,100.13 | |
| Jun, 2027 | 20 | $97.88 | $213.04 | $310.92 | $25,887.09 | |
| Jul, 2027 | 21 | $97.08 | $213.84 | $310.92 | $25,673.25 | |
| Aug, 2027 | 22 | $96.27 | $214.64 | $310.92 | $25,458.61 | |
| Sep, 2027 | 23 | $95.47 | $215.45 | $310.92 | $25,243.17 | |
| Oct, 2027 | 24 | $94.66 | $216.25 | $310.92 | $25,026.91 | |
| Nov, 2027 | 25 | $93.85 | $217.06 | $310.92 | $24,809.85 | |
| Dec, 2027 | 26 | $93.04 | $217.88 | $310.92 | $24,591.97 | |
| Jan, 2028 | 27 | $92.22 | $218.70 | $310.92 | $24,373.28 | |
| Feb, 2028 | 28 | $91.40 | $219.52 | $310.92 | $24,153.76 | |
| Mar, 2028 | 29 | $90.58 | $220.34 | $310.92 | $23,933.42 | |
| Apr, 2028 | 30 | $89.75 | $221.16 | $310.92 | $23,712.26 | |
| May, 2028 | 31 | $88.92 | $221.99 | $310.92 | $23,490.26 | |
| Jun, 2028 | 32 | $88.09 | $222.83 | $310.92 | $23,267.44 | |
| Jul, 2028 | 33 | $87.25 | $223.66 | $310.92 | $23,043.77 | |
| Aug, 2028 | 34 | $86.41 | $224.50 | $310.92 | $22,819.27 | |
| Sep, 2028 | 35 | $85.57 | $225.34 | $310.92 | $22,593.93 | |
| Oct, 2028 | 36 | $84.73 | $226.19 | $310.92 | $22,367.74 | |
| Nov, 2028 | 37 | $83.88 | $227.04 | $310.92 | $22,140.71 | |
| Dec, 2028 | 38 | $83.03 | $227.89 | $310.92 | $21,912.82 | |
| Jan, 2029 | 39 | $82.17 | $228.74 | $310.92 | $21,684.08 | |
| Feb, 2029 | 40 | $81.32 | $229.60 | $310.92 | $21,454.48 | |
| Mar, 2029 | 41 | $80.45 | $230.46 | $310.92 | $21,224.02 | |
| Apr, 2029 | 42 | $79.59 | $231.33 | $310.92 | $20,992.69 | |
| May, 2029 | 43 | $78.72 | $232.19 | $310.92 | $20,760.50 | |
| Jun, 2029 | 44 | $77.85 | $233.06 | $310.92 | $20,527.43 | |
| Jul, 2029 | 45 | $76.98 | $233.94 | $310.92 | $20,293.50 | |
| Aug, 2029 | 46 | $76.10 | $234.81 | $310.92 | $20,058.68 | |
| Sep, 2029 | 47 | $75.22 | $235.70 | $310.92 | $19,822.99 | |
| Oct, 2029 | 48 | $74.34 | $236.58 | $310.92 | $19,586.41 | |
| Nov, 2029 | 49 | $73.45 | $237.47 | $310.92 | $19,348.94 | |
| Dec, 2029 | 50 | $72.56 | $238.36 | $310.92 | $19,110.59 | |
| Jan, 2030 | 51 | $71.66 | $239.25 | $310.92 | $18,871.33 | |
| Feb, 2030 | 52 | $70.77 | $240.15 | $310.92 | $18,631.19 | |
| Mar, 2030 | 53 | $69.87 | $241.05 | $310.92 | $18,390.14 | |
| Apr, 2030 | 54 | $68.96 | $241.95 | $310.92 | $18,148.19 | |
| May, 2030 | 55 | $68.06 | $242.86 | $310.92 | $17,905.33 | |
| Jun, 2030 | 56 | $67.14 | $243.77 | $310.92 | $17,661.56 | |
| Jul, 2030 | 57 | $66.23 | $244.68 | $310.92 | $17,416.87 | |
| Aug, 2030 | 58 | $65.31 | $245.60 | $310.92 | $17,171.27 | |
| Sep, 2030 | 59 | $64.39 | $246.52 | $310.92 | $16,924.75 | |
| Oct, 2030 | 60 | $63.47 | $247.45 | $310.92 | $16,677.30 | |
| Nov, 2030 | 61 | $62.54 | $248.38 | $310.92 | $16,428.92 | |
| Dec, 2030 | 62 | $61.61 | $249.31 | $310.92 | $16,179.62 | |
| Jan, 2031 | 63 | $60.67 | $250.24 | $310.92 | $15,929.38 | |
| Feb, 2031 | 64 | $59.74 | $251.18 | $310.92 | $15,678.20 | |
| Mar, 2031 | 65 | $58.79 | $252.12 | $310.92 | $15,426.07 | |
| Apr, 2031 | 66 | $57.85 | $253.07 | $310.92 | $15,173.01 | |
| May, 2031 | 67 | $56.90 | $254.02 | $310.92 | $14,918.99 | |
| Jun, 2031 | 68 | $55.95 | $254.97 | $310.92 | $14,664.02 | |
| Jul, 2031 | 69 | $54.99 | $255.93 | $310.92 | $14,408.10 | |
| Aug, 2031 | 70 | $54.03 | $256.88 | $310.92 | $14,151.21 | |
| Sep, 2031 | 71 | $53.07 | $257.85 | $310.92 | $13,893.36 | |
| Oct, 2031 | 72 | $52.10 | $258.82 | $310.92 | $13,634.55 | |
| Nov, 2031 | 73 | $51.13 | $259.79 | $310.92 | $13,374.76 | |
| Dec, 2031 | 74 | $50.16 | $260.76 | $310.92 | $13,114.00 | |
| Jan, 2032 | 75 | $49.18 | $261.74 | $310.92 | $12,852.26 | |
| Feb, 2032 | 76 | $48.20 | $262.72 | $310.92 | $12,589.55 | |
| Mar, 2032 | 77 | $47.21 | $263.70 | $310.92 | $12,325.84 | |
| Apr, 2032 | 78 | $46.22 | $264.69 | $310.92 | $12,061.15 | |
| May, 2032 | 79 | $45.23 | $265.69 | $310.92 | $11,795.46 | |
| Jun, 2032 | 80 | $44.23 | $266.68 | $310.92 | $11,528.78 | |
| Jul, 2032 | 81 | $43.23 | $267.68 | $310.92 | $11,261.10 | |
| Aug, 2032 | 82 | $42.23 | $268.69 | $310.92 | $10,992.41 | |
| Sep, 2032 | 83 | $41.22 | $269.69 | $310.92 | $10,722.72 | |
| Oct, 2032 | 84 | $40.21 | $270.71 | $310.92 | $10,452.01 | |
| Nov, 2032 | 85 | $39.20 | $271.72 | $310.92 | $10,180.29 | |
| Dec, 2032 | 86 | $38.18 | $272.74 | $310.92 | $9,907.55 | |
| Jan, 2033 | 87 | $37.15 | $273.76 | $310.92 | $9,633.79 | |
| Feb, 2033 | 88 | $36.13 | $274.79 | $310.92 | $9,359.00 | |
| Mar, 2033 | 89 | $35.10 | $275.82 | $310.92 | $9,083.18 | |
| Apr, 2033 | 90 | $34.06 | $276.85 | $310.92 | $8,806.33 | |
| May, 2033 | 91 | $33.02 | $277.89 | $310.92 | $8,528.44 | |
| Jun, 2033 | 92 | $31.98 | $278.93 | $310.92 | $8,249.51 | |
| Jul, 2033 | 93 | $30.94 | $279.98 | $310.92 | $7,969.53 | |
| Aug, 2033 | 94 | $29.89 | $281.03 | $310.92 | $7,688.50 | |
| Sep, 2033 | 95 | $28.83 | $282.08 | $310.92 | $7,406.41 | |
| Oct, 2033 | 96 | $27.77 | $283.14 | $310.92 | $7,123.27 | |
| Nov, 2033 | 97 | $26.71 | $284.20 | $310.92 | $6,839.07 | |
| Dec, 2033 | 98 | $25.65 | $285.27 | $310.92 | $6,553.80 | |
| Jan, 2034 | 99 | $24.58 | $286.34 | $310.92 | $6,267.46 | |
| Feb, 2034 | 100 | $23.50 | $287.41 | $310.92 | $5,980.05 | |
| Mar, 2034 | 101 | $22.43 | $288.49 | $310.92 | $5,691.56 | |
| Apr, 2034 | 102 | $21.34 | $289.57 | $310.92 | $5,401.99 | |
| May, 2034 | 103 | $20.26 | $290.66 | $310.92 | $5,111.33 | |
| Jun, 2034 | 104 | $19.17 | $291.75 | $310.92 | $4,819.58 | |
| Jul, 2034 | 105 | $18.07 | $292.84 | $310.92 | $4,526.74 | |
| Aug, 2034 | 106 | $16.98 | $293.94 | $310.92 | $4,232.80 | |
| Sep, 2034 | 107 | $15.87 | $295.04 | $310.92 | $3,937.76 | |
| Oct, 2034 | 108 | $14.77 | $296.15 | $310.92 | $3,641.61 | |
| Nov, 2034 | 109 | $13.66 | $297.26 | $310.92 | $3,344.35 | |
| Dec, 2034 | 110 | $12.54 | $298.37 | $310.92 | $3,045.98 | |
| Jan, 2035 | 111 | $11.42 | $299.49 | $310.92 | $2,746.48 | |
| Feb, 2035 | 112 | $10.30 | $300.62 | $310.92 | $2,445.87 | |
| Mar, 2035 | 113 | $9.17 | $301.74 | $310.92 | $2,144.12 | |
| Apr, 2035 | 114 | $8.04 | $302.87 | $310.92 | $1,841.25 | |
| May, 2035 | 115 | $6.90 | $304.01 | $310.92 | $1,537.24 | |
| Jun, 2035 | 116 | $5.76 | $305.15 | $310.92 | $1,232.09 | |
| Jul, 2035 | 117 | $4.62 | $306.29 | $310.92 | $925.79 | |
| Aug, 2035 | 118 | $3.47 | $307.44 | $310.92 | $618.35 | |
| Sep, 2035 | 119 | $2.32 | $308.60 | $310.92 | $309.75 | |
| Oct, 2035 | 120 | $1.16 | $309.75 | $310.92 | $0.00 | |
What is a loan comparison calculator?
When you're shopping for a personal loan, auto loan, or student loan, it can be overwhelming to compare various offers from different lenders. Every lender have different loan terms, interest rates, and repayment options. Our loan comparison calculator is a valuable too compare different loan options helping you make inform decisions and choose the best loan offer.
How to use the loan comparison calculator
Our loan comparison calculator allows a borrower to compare interest rates, loan terms, and monthly payments for any two loans. You can use the loan comparison calculator to calculate the total interest you will pay over the life for each loan, so you know which loan costs you more in interest payments. The loan comparison calculator will generate an amortization schedule that gives you the details of each monthly payment (principal + interest).
Why use a loan comparison calculator?
Following are the benefits of using our loan comparison calculator before you shopping for a loan.
- Save Time and Effort - Instead of doing the calculations manually, you can easily use the loan comparison calculator to calculate the numbers for you.
- Make Informed Decisions - By comparing different loan options side by side, you can make an informed decision about which loan offer is the best fit for you based on the loan terms, interest rate, and loan amount.
- Compare Loan Costs - The loan comparison calculator helps you understand the true cost of each loan, including the interest you will pay over the course of the term.
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